Stocks Hold Modest Gains PDF Print E-mail
- The Wall Street Journal   
12/21/2007

By ANNELENA LOBB (WSJ)

 

The market finished Tuesday in good cheer, as stocks gained after a day of moody trade amid worries about the economy...

Still, the relative absence of surprising bad news today allowed for a bit of a recovery after the steep cumulative declines of the past week, said Alfred Kugel, chief investment strategist at Atlantic Trust. A weak report on housing starts failed to have much of an effect on the market's behavior.

"But the banks' tactics may also cause some consternation. "Is [the ECB injection] good, or does it mean markets are worse than expected?" asked Chip Hanlon, president of Delta Global Advisors."

 

*The excerpt above ran in the "Today's Markets" column. WSJ.com subscribers can access the full article by clicking here.

 

 
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