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Market Snapshot
Risk aversion sends stocks lower for 3rd day
4:55p (MarketWatch)
NEW YORK (MarketWatch) -- Investors sought safety Friday by selling stocks for a third straight day in favor of the dollar and Treasurys, including some short-term debt that offered almost no return. The energy sector led the stock market lower due to a pullback in commodity prices and Goldman Sachs' removal of coal producer Peabody Energy Corp. from its "conviction buy" list. The technology sector was also weak, hurt by a bigger-than-expected drop in profits at the personal-computer maker Dell Inc. . Latest ...
After Hours
UPS to deliver rate hike; Dell shares tick up
4:58p (MarketWatch)
LOS ANGELES (MarketWatch) -- Shares of United Parcel Service Inc. slipped Friday evening after the delivery-services provider said it will raise certain rates. Meanwhile, Dell Inc. shares edged up, taking back just a sliver of their day-session slide in the wake of the personal computer maker's disappointing quarterly results. UPS shares shed 0.5% to $57.23, capturing attention after the company said it will hike its rates for delivery of packages by ground by about 4.9% in 2010. It will also implement a net increase of 4.9% on its air express and international shipments originating from the United States. The higher prices will take ...
Movers and Shakers
Friday's biggest gaining and declining stocks
4:25p (MarketWatch)
NEW YORK (MarketWatch) - Shares of the following companies made notable moves in the U.S. stock market Friday: Advancers Archipelago Learning Inc. rallied nearly 14% to $18.77, with shares of the online educator climbing in their first trading day after their initial IPO. Dillard's Inc. climbed 9.7% after a Deutsche Bank analyst upgraded the department store retailer's stock to buy from hold.
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