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Leaders and Laggards: S&P 500 led higher by Compuware

By Associated Press April 15, 2008 Comments (0)

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The Standard & Poor's 500 index ended higher Tuesday, with the largest percentage gain recorded by Compuware, which offered a robust fiscal fourth-quarter outlook.

Compuware rose 76 cents, or 10.9 percent, to $7.75.

The S&P 500 rose 6.11 points to 1,334.43.

Charles Schwab Corp. gained $1.64, or 9 percent, to $19.95, as a rise in new accounts fueled the discount stock brokerage's first-quarter profit.

Shares of technology and business outsourcing company Cognizant Technology Solutions Corp. gained $2.35, or 8.7 percent, to $29.32, as a Citi Investment Research analyst forecast strong sales growth.

On the losing side, State Street Corp. lost $7.63, or 9.9 percent, to $69.23 after the financial services firm posted first-quarter profit that beat Wall Street expectations, but also included a $3.16 billion loss in its investment portfolio. That news prompted Fitch Ratings to considering cutting State Street's credit rating.

Shares of Forest Labs Inc. declined $3.67, or 9.2 percent, to $36.13, after the drug company offered a 2009 profit outlook below analyst expectations.

And Manitowoc Co. tumbled $3.61, or 9.1 percent, to $36.05, after a Banc of America Securities analyst downgraded shares of the construction machinery maker.

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Compuware Corp

CPWR Down! $9.64 -0.16 (-1.63%) 1:00 PM
CAPS Rating:
81 Outperforms
20 Underperforms
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Major Indices

S&P 5001,262.90+0.11%
DJIA11,288.54+0.65%
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Updated: 1:04:33 PM
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