CNBC.com News Now: Stock Rally Likely to Last, But Don't Forget to Take Profits

Click here to view today's top stories on your mobile device. Friday, Jul. 31, 2009     DOW 9171.61 17.15 +0.19%   NASDAQ 1978.5 -5.80 -0.29%   S&P 987.48 0.73 +0.07%     NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV SIGN IN     WHAT YOU SHOULD KNOW Stock Rally Likely to Last, But Don't Forget to Take Profits Investment strategists generally expect the earnings- and economy-fueled rally of the past month to continue, but they're are also looking for opportunities to take profits. ... »read more Stocks Rise Nearly 1% for Week; Ford Gains The Dow pulled off a modest gain Friday, capping a rocky week — and month. Stocks had been positive for much of the day after a GDP surprise and encouraging reading on manufacturing, but it got a little crazy in the final half hour of trading, with the Dow threatening to tip into negative territory... »read more House Adds $2 Billion to Cash for Clunkers Program The House approved on Friday a $2 billion extension of the "Cash-for-Clunkers" automobile sales incentive program... »read more CONNECT WITH CNBC Join CNBC's official online communities today! Get today's business news headlines, guest alerts, top videos and see what other CNBC'rs are Squawking about. »Become a CNBC fan on Facebook »Follow CNBC on Twitter TODAY'S TOP 5 VIDEOS 1. Romer on GDP   GDP fell 1.0 percent in the second quarter, a sign that the recession is slowing. Christina Romer, chair of the Council of Economic Advisers, shares her reaction. 2. Clunkers Outta Gas?   Discussing the effectiveness of the Cash for Clunkers program, with Bailey Wood, National Association of Dealers; Mark Neszrad, Williamson Auto Group and Brian Benstock, Paragon Honda/Acura. 3. Harwood, Healthcare & the Blue Dogs   CNBC's John Harwood discusses the health care compromise and the likelihood of an agreement being reached before the end of the year, with Blue Dog Democrats Rep. Jason Altmire (D-PA); Rep. Allen Boyd (D-FL); Rep. Stephanie Herseth Sandlin (D-SD). 4. Gabelli: Hot Summer Stocks   Mario Gabelli, CIO of GAMCO Investors, shares his hot summer stock picks. 5. Diamondbacks CEO: Release the 'Roid List   CNBC's Darren Rovell discusses the baseball business with Diamondbacks CEO Derrick Hall.       TODAY'S TOP BLOG   What You Need to Know About Citi Citi will be trading a lot of shares in the next few days-but don't expect big price swings »See All CNBC.com Blogs

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