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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (48814)	12/8/2005 10:15:07 AM
From: Smiling Bob	Respond to of 93284

All your questions are and will continue to be answered by the market Message 21952908 Stocks Fall on Toll Brothers Outlook Thursday December 8, 9:57 am ET By Christopher Wang, AP Business Writer Stocks Fall After Cautious Toll Brothers Outlook Dampens the Mood on Wall Street NEW YORK (AP) -- Stocks fell in early trading Thursday after a cautious outlook from home builder Toll Brothers Inc. dampened the mood on Wall Street. A revised forecast from Texas Instruments Inc. failed to shake the market from the funk that has stalled stocks' yearend rally, but TI did give tech investors hopes for promising news from Intel Corp. when it releases a mid-quarter update after the closing bell. Crude futures rebounded after strong weekly inventory reports pressured oil prices Wednesday. A barrel of light crude added 25 cents to $59.46 on the New York Mercantile Exchange. In the first hour of trading, the Dow Jones industrial average lost 15.93, or 0.15 percent, to 10,794.98. Broader stock indicators also fell. The Standard & Poor's 500 index was down 1.17, or 0.09 percent, at 1,256.20, and the Nasdaq composite index fell 2.25, or 0.1 percent, to 2,249.76. Bonds reversed Wednesday's losses, with the yield on the 10-year Treasury note falling to 4.49 percent from 4.52 percent late Wednesday. The U.S. dollar was mixed against other major currencies in European trading, while gold prices scaled back from record highs. The sole economic report of the day came from the Labor Department, which said unemployment claims grew by 6,000 to 327,000 last week, although 8,000 of those were hurricane related. Economists were expecting claims to drop to 318,000. Toll Brothers posted a 72 percent jump in fourth-quarter profit as revenue climbed 40 percent. But investors remained optimistic even after the homebuilder gave a disappointing forecast for next year and said it was unsure about 2007 earnings. Toll Brothers lost 2 cents to $34.28. Late Wednesday, Texas Instruments Inc. lifted the low end of its quarterly earnings estimate and narrowed its sales forecast toward the top of its earlier target. Texas Instruments was down 47 cents at $33.09, and Intel sank 31 cents to $25.84. Elsewhere, fast-food chain McDonald's Corp. said sales at its restaurants open at least a year grew 4 percent in November. At U.S. locations, same-store sales advanced 4.8 percent, the company said. McDonald's nonetheless fell 37 cents to $34.89. The Russell 2000 index of smaller companies rose 0.15, or 0.02 percent, to 683.16. Overseas, Japan's Nikkei stock average declined 1.95 percent. In afternoon trading, Britain's FTSE 100 fell 0.15 percent, Germany's DAX index slid 0.01 percent, and France's CAC-40 was lower by 0.23 percent. New York Stock Exchange: nyse.com Nasdaq Stock Market: nasdaq.com