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DJIA Up 50Pts after Housing and Retail Data (Hewlett-Packard Company, The Home Depot, Inc., Pfizer Inc., McDonald's Corporation)

DJIA Up 50Pts after Housing and Retail Data

 



(EMAILWIRE.COM, September 03, 2010 ) New York, NY-Stocks added modest gains Thursday, trading in a tight range as investors awaited official monthly jobs data on Friday that will shed more light on the economic recovery. The modest gains came after better-than-expected housing and retail data provided some encouragement, but caution prevailed following Wednesday's big run-up.

Shares of Hewlett-Packard Company (NYSE:HPQ) added 1.20% to $39.68 on over 17.78 million shares. The bidding war for 3Par Inc. appeared to reach a close Thursday as Hewlett-Packard Co. raised its offer for the data-storage company to $33 a share, prompting Dell Inc. to throw in the towel. Dell said Thursday morning it will not revise its latest offer for 3Par after arch-rival H-P boosted its own bid, which values the small data-storage provider at roughly $2.4 billion.

Also, the stock was upgraded by JMP Securities from Market Perform to Outperform.

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The Home Depot, Inc. (NYSE:HD), a home improvement retailer, gained 2.58% to $29.41 on over 14.32 million shares. The stock went up over 6% in the last one year of trading sessions and has a 52-week range of $24.47- $37.03.

Pfizer Inc. (NYSE:PFE) advanced 0.74% to $16.40 on over 36.22 million shares. Pfizer Inc. is a research-based, global biopharmaceutical company. The Company applies science and its global resources to improve health and well-being at every stage of life.

The stock has a 52-week range of $14-$20.36 and is down 11% year-to-date. At today`s closing market price, the market capitalization of the stock stands at $132.28 billion.

McDonald's Corporation (NYSE:MCD) increased 0.64% to $75.02 on over 5.89 million shares. In the last six months of trading sessions, the stock is up more than 17%.

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