Tuesday, September 18, 2007
Lehman wows Wall Street
September 18 2007: 9:55 AM EDT
NEW YORK (CNNMoney.com) -- Embattled investment bank Lehman Brothers surprised investors Tuesday by reporting better-than-expected earnings, allaying fears about the wallop that the mortgage crisis may inflict on Wall Street. Lehman (Charts, Fortune 500) shares jumped more than 3 percent in pre-market trading on the news, after finishing 1.5 percent lower on the New York Stock Exchange on Monday.....U.S. stocks pushed forward at the start of trading Tuesday as investors considered inflation data and Lehman Brothers results while expecting the Federal Reserve to cut interest rates.
NEW YORK (CNNMoney.com) -- Embattled investment bank Lehman Brothers surprised investors Tuesday by reporting better-than-expected earnings, allaying fears about the wallop that the mortgage crisis may inflict on Wall Street. Lehman (Charts, Fortune 500) shares jumped more than 3 percent in pre-market trading on the news, after finishing 1.5 percent lower on the New York Stock Exchange on Monday.....U.S. stocks pushed forward at the start of trading Tuesday as investors considered inflation data and Lehman Brothers results while expecting the Federal Reserve to cut interest rates.
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