4:20 pm : Even though the blue chip averages closed in lackluster fashion, the Nasdaq put together another respectable performance Wednesday. However, another thinly-traded session as Labor Day weekend draws near provided little conviction behind today's follow-through efforts. In fact, the day's action can best be described as simple sector rotation, as a sense that Energy (-1.6%) has recently topped out prompted bargain hunters to keep buying beaten-down areas throughout the struggling Tech sector (+0.9%).
Before the bell, a government report showed the economy in Q2 slowed
Chew on This Brush, floss, and serve your Labor Day BBQ on whole-wheat buns.
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General Health Tip
Score Nutrition Points! Watching the game with friends? Bring along some lower-fat snacks to share, such as baked corn or potato chips, air-popped popcorn, or pretzels. Load up on salsa, which is a tasty, nutritious, low-calorie dip.
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Annan to press Jordan and Syria on Lebanon truce United Nations Secretary-General Kofi Annan (L) bids farewell to Palestinian President Mahmoud Abbas after a news conference in the West Bank city of Ramallah August 30, 2006. (Mike Hutchings/Reuters)
10:41 pm PT Don Knauss named Chairman and Chief Executive Officer of Clorox; appointment ends leadership transition (CLX) 60.22 : Co announced that Donald R. Knauss has been named chairman and chief executive officer, effective early October 2006. Knauss, 55, is currently president and chief operating officer for Coca-Cola North America. He succeeds Robert W. Matschullat, 58, who has served as Clorox's interim chairman and interim chief exeecutive officer since March 2006, when Gerald E. Johnston stepped down from those positions due to illness.
1:54 pm PT Market Wrap (WRAPX) : Even though the blue chip averages closed in lackluster fashion, the Nasdaq put together another respectable performance Wednesday.
1:44 pm PT Silverleaf Resorts announces new $128 mln securitization with UBS (SVL) 3.45 : �