Closing Bell: 7.25.07Sponsored by FT Alphaville

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Despite credit market concerns, the market rebounded today after yesterday’s slide. Everyone blamed (or credited) today's upturn on Amazon and Boeing, who both beat analysts’ estimates for second quarter profit, and a spike in oil prices, which should boost profits at energy companies.
The trend of day to day seesaw fluctuation continues. Down one day. Up the next. The S&P 500 increased 7.05, or 0.47 percent, to 1518. The Dow Jones Industrial Average added 68.12, or 0.5 percent, to 13,785.05. The Nasdaq Composite Index gained 8.3, or 0.31 percent, to 2648.17. If the trend continues tomorrow, stock prices should drop like Monday's rain. But watch what happens to Apple. If it's up, maybe the trend breaks.
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