To: MythMan who wrote (344324 ) 9/25/2007 5:07:47 PM From: Secret_Agent_Man Read Replies (1) | Respond to of 436258 doublecheck-Stocks Recoup Early Losses Despite Negative Earnings And Economic News - U.S. Commentary 28 minutes ago (RTTNews) - After opening Tuesday's session in negative territory, the Dow and Nasdaq were able to recoup their early losses on strength within the tech sector. The gains came despite reduced sales forecasts from two large retailers and a reduction in consumer confidence. Negative retail news from Target (TGT) and Lowe's (LOW) combined with a disappointing consumer confidence report to paint a pessimistic picture for consumer spending. According to Joel Naroff, chief economist at Naroff Economic Advisors, "Consumers are beginning to lose confidence in the economy and that doesn't bode well for future spending or growth." Injecting additional downward pressure were two reports concerning the already battered housing sector. Homebuilder Lennar Corp. (LEN) further depressed housing stocks after the company reported a loss of $513.9 million for its fiscal third-quarter. The Dow and Nasdaq were able to overcome their early losses, with the Dow hovering just above the unchanged line for the majority of the session while the Nasdaq posted a considerable gain, boosted by strength within tech stocks. The S&P 500 finished just shy of the unchanged line after briefly venturing into positive territory twice over the course of Tuesday's session. The Dow finished with a gain of 19.59 points, or 0.14 percent, closing at 13,778.65, while the Nasdaq posted the largest percentage gain up 15.50 points, or 0.58 percent, at 2,683.45. The S&P 500 finished with a slight loss, closing at 1,517.21, a loss of 0.52 points or 0.03 percent.