NEW YORK: Wall Street closed mixed Thursday after investors largely shrugged off a jump in oil prices and focused instead on a bullish analyst call on Lehman Brothers Holdings Inc. that eased worries about the financial sector.
Stocks ended off their lows of the session after a Ladenburg Thalmann analyst raised his rating on Lehman to "buy,'' saying he believes the nation's fourth-biggest investment bank has become a "hostile takeover candidate.''
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
