Sector roundup: Autos, airlines
By
Associated Press
July 24, 2008
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Among the sector activity stories for Thursday, July 24, from AP Financial News:
NEW YORK (AP) _ Shares of auto companies tumbled Thursday, after Ford Motor Co. announced its worst quarterly loss in its history.
MINNEAPOLIS (AP) _ Airline shares gave up some of their recent gains on Thursday amid broad stock market declines and a slight rebound in the price of oil.
NEW YORK (AP)_ Wall Street has so far dealt with a mixed second-quarter report card for biotechnology companies, but shares continue outpacing the broader market on a mix of positive sales results and a bright outlook for buyout potential within the sector.
NEW YORK (AP) _ Cirrus Logic Inc. and Qualcomm Inc. were among the few chip stocks heading sharply higher Thursday, though the sector as a whole declined along with the broader market.