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• Is government's rosy data in step with reality?
Wednesday's Consumer Price Index showed overall prices edging up a smaller-than-expected 0.2 percent even though food prices shot up by 0.9 percent, the biggest one-month gain in nearly two decades.
• Stocks end day higher despite downbeat data
According to preliminary calculations, the Dow Jones industrial average rose 94.28, or 0.73 percent, to 12,992.66. Broader stock indicators advanced more than 1 percent to their highest closing levels since Jan. 3.
• Mortgage rates dip to lowest point in a month
The nationwide average fee for one-year adjustable-rate mortgages was 0.7 point. For 30-year and five-year adjustable-rate mortgages, the nationwide average fee was 0.6 point.
• Movers: Yahoo, EDS, HP, Wal-Mart, Fluor, Warnaco, Canadian Solar
Hewlett-Packard says preliminary non-GAAP EPS were $0.87 in the second quarter, ahead of $0.84 consensus view. HPQ raises fiscal year 2008 revenue guidance to $114.2-$114.4 billion from $113.5-$114 billion, non-GAAP EPS view to $3.54-$3.58 from $3.50 ...
• Inflation eases despite food price jump
The Labor Department reported Wednesday that consumer prices edged up 0.2 percent last month, compared to a 0.3 percent rise in March. The lower inflation reflected a flat reading for energy, which helped offset a 0.9 percent jump in food costs as ...