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Movers roundup: Fannie Mae, Freddie Mac, Staples



By AP
02 September 2008 @ 02:26 pm EST

Among the stock activity stories for Tuesday, Sept. 2, from AP Financial News:

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Quotes
FNM 1.12 -0.04
FRE 1.09 -0.09
SPLS 16.76 -0.6
LEAP 18.73 -1.27

SYMBOL LOOKUP

WASHINGTON (AP)--Shares of mortgage finance companies Fannie Mae and Freddie Mac rose Tuesday, after Freddie Mac said it would sell $4 billion in two-year and five-year debt this week.

CHICAGO (AP)--Shares of office supplier Staples Inc. climbed Tuesday ahead of the company's second-quarter earnings report Wednesday, and as shares of fellow retailers gained on sharp decline in oil prices.

NEW YORK (AP)--Shares of Merrill Lynch & Co. Inc. declined in trading Tuesday even as others in the financial sector generally advanced with the broader market surge.

NEW YORK (AP)--Shares of Leap Wireless International Inc., parent of the Cricket regional cellular service, rose Tuesday after an analyst upgraded the stock, saying economic issues that held it back late last year appear to be behind it.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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