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Financial stocks were generally hemmed in with the mildly buoyant Dow Jones Industrial Average and S&P 500, amid mixed smatterings of news on Tuesday.
Struggling bond insurer Ambac (ABK Quote) was a big winner, lately surging by more than 16%, after JPMorgan Chase (JPM Quote) disclosed that it had bought about another 2 million Ambac shares over the course of 2007. The bank increased its stake in the company to 7.7%. As of year-end 2006, JPMorgan's Ambac holdings had stood at 5.4%.
Ambac shares were leaping $1.79 to $12.92; JPMorgan was recently adding 1.2% to $46.75. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.23 |
Oil *
77.73
|
|
DOWN
18.90
|
UP
0.38
|
UP
9.22
|
UP
0.48
|
10 Yr
3.32%
SPDR Gold
119.18
|
|
-0.18%
|
+0.03%
|
+0.42%
|
+1.47%
|
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