Author: 123jump.com Staff
123jump.com
Last Update: 8:01 PM EST February 26 2008


Email article | Print article

U.S. stocks closed higher after IBM authorized $15 billion stock buyback and talks of Abu Dhabi controlled fund investing in Lennar. Investors also faced difficult news including rising wholesale inflation, falling consumer confidence, and sharp rise in foreclosure in January. Home price index showed a sharp decline in prices in the top 20 metro areas. Prices in eight cities fell in double digits. Macy''''s Target, Nordstrom, and AutoZone rose but Home Depot fell after the release of earnings.