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U.S. Stocks Rebound, Fannie Up, Oil at $122 |
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Author: 123jump.com Staff
123jump.com
Last Update: 2:07 PM EDT May 06 2008
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U.S. stocks rebounded from the morning slump after investors focused on reduced capital requirement for Fannie Mae and a steady rise in crude oil and natural gas prices. Fannie Mae will be allowed to operate with capital control ratio of as low as 10% by the third quarter of this year. Crude oil traded above $122. NYSE Euronext Group reported a sharp rise in revenue and earnings on higher revenues in derivative products. D R Horton revenue slumped 65%. |
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