But the rally fades in the last hour. Apple and Amazon.com shares pop on analyst upgrades. Nike earnings cheer the Street. Bank of America is declared undervalued. Gold drops below $1,500; crude oil falls, too.
The blue chips top 11,500 for the first time since 2008. Nike shares sell off despite strong earnings. Jabil Circuit and Adobe shares jump.
A morning recovery falls apart as a weak report on jobless claims disappoints investors. Wall Street cheers Nike earnings. Gold moves higher, and Starbucks raises prices.
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
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