Wednesday, July 11, 2007

Market Recap

The major indices closed up with the Dow, S&P and Nasdaq all having nice gains. Railroad, steel and metals were the outperforming sectors while gold mining and consumer finance were the laggards.

In after hours, Genentech announced second quarter results with net income growing 41% and numbers beating analyst expectations. Yum Brands also announced an excellent second quarter with phenomenal growth in the overseas markets.

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