U.S. stocks close crazed session with large surge higher

Date: Thu, 13 Nov 2008 17:01:38 -0500
U.S. stocks close crazed session with large surge higher

U.S. stocks shift up and down in volatile trade as the market, down
for three straight days, tries to absorb rising unemployment claims
and reduced outlooks from Intel Corp. and Wal-Mart Stores Inc.

DELL, H-P FEEL IMPACT FROM INTEL SALES WARNING

Fears of a recession, reports of lower-than-expected sales at major
electronics retailers and a revenue warning from Intel combine to lead
several analysts to cut their forecasts for the entire computer
industry, along with their earnings and sales expectations on the PC
sector's two largest players.

METALS STOCKS: GOLD FUTURES DIP BELOW $700, THEN RALLY IN ELECTRONIC TRADING

Gold futures drop below $700 an ounce for the first time in three
weeks, ready to extend their losing streak to three sessions.

GE SHARES FALL TO 12-YEAR LOW ON FINANCING-COST CONCERNS

General Electric reaffirms its 2009 dividend as its stock price falls
by as much as 11% on renewed speculation that the industrial
conglomerate may have to
raise additional cash to cover higher debt costs.

ECONOMIC REPORT: FEDERAL DEFICIT BALLOONS ON BAILOUT COSTS

The U.S. federal government deficit soars in October to a record
$237.2 billion, as the government invested more than $136 billion in
various bank bailout programs, the Treasury reports.