免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

US Stocks open higher after steep sell-off

(Agencies)
Updated: 2008-11-22 00:00

NEW YORK -- Wall Street experienced some relief early Friday following a report that a pounded-down Citigroup Inc. might put itself up for sale. That prospect, along with some bargain-hunting after two days of steep selling, sent stocks higher in early trading.

Trader Michael McCabe works on the floor of the New York Stock Exchange Thursday, Nov. 20, 2008. [Agencies]

The market's optimism about Citi and the financial sector overall came after The Wall Street Journal reported late Thursday that Citigroup is considering the possibility of selling parts of itself or even the entire company following a plunge in its stock price. The shares, which lost 26 percent Thursday alone, are down 84 percent for the year.

Beyond the banking sector, better-than-expected earnings from Dell Inc. offered some reassurance that profit-making is continuing even with consumers reluctant to spend. The computer maker reported a 5 percent drop in its fiscal third-quarter earnings and a 3 percent decline in revenue, but the profit came in well ahead of what Wall Street had expected. Dell rose 10 cents to $9.91.

In other corporate news, Wal-Mart Stores Inc. named Mike Duke, vice chairman of its international division, to replace Lee Scott as president and chief executive of the company when he retires in February. The stock added $1.47, or 2.9 percent, to $52.13.

A move higher in stocks wasn't necessarily a surprise given the scope of the selling in the past two days. Sharp market declines often attract investors searching for deals on beaten-down stocks. On Thursday, the Standard & Poor's 500 index fell 6.7 percent to its lowest close since April 1997, while the Dow Jones industrial average fell 445 points, or 5.6 percent, to its lowest finish since March 2003.

In the first hour of trading Friday, the Dow Jones industrial average rose 147.58, or 1.95 percent, to 7,669.87.

Broader stock indicators also rose. The Standard & Poor's 500 index rose 16.86, or 2.24 percent, to 769.30, and the Nasdaq composite index rose 30.75, or 2.34 percent, to 1,346.87.