Archive for May 19th, 2008

Blue chips clung to gains Monday, with the S&P 500 narrowly eking out a five-month high, thanks to a stronger-than-expected economic indicators report. But tech selling kept the Nasdaq in the red, along with record commodity prices.

Way to go, Steve Ballmer. You sure showed Yahoo who's boss!

Blue chips clung to gains Monday, with the S&P 500 narrowly eking out a five-month high, thanks to a stronger-than-expected economic indicators report. But tech selling kept the Nasdaq in the red, along with record commodity prices.

Demand for new homes collapsed last year. Next up could be a similar drop in the rest of the construction market -- and that could be the latest drag on an already sputtering U.S. economy

President Bush will sign a bill halting U.S. government purchases of oil to replenish the nation's emergency supply, a White House spokesman said Monday.

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Read full story for latest details.