|
|
|
Rally Fades in Rising Oil
Aug 19, 4:14 PM ET |
|
| Oil rebounds close to 4% for the day, 5% for the week and 58% for the year. Market fought the rising oil all day and gained barely to stay positive. |
|
| Texas Jury awards $230 million in punitive damages in Voixx trial, dragging down Merck and other pharmaceutical stocks with it. Retailers cautious outlook contniued as Ann Taylor and Gap released earnings. Asian and European markets closed lower. Gold and Platinum were trading lower. Autodesk deliver stellar earning growth. |
|
|
Full Story... |
Large Caps Lead the Averages
Aug 19, 12:46 AM ET |
|
| U.S. markets are trading higher in the morning session on the back of the giant companies Coca Cola and IBM which spike on analyst upgrade. |
|
| Light sweet crude bounced back to $64.40 rising $1.13 on refinery fire in Venezuela, Ecuador Protests and Iran’s nuclear ambitions. Oil has been volatile throughout the week falling almost $3 Wednesday and trading at $63.27 a barrel Thursday session. On Aug 12 oil hit an all-time peak of $67.10. Year to date crude-oil has risen 55.69%. |
|
|
Full Story... |
Modest Opening
Aug 19, 10:26 AM ET |
|
| U.S. markets are trading higher after a nervous Thursday trading session, the dollar is on a 2-month rise against the euro, up 2.2%, oil rose $1. |
|
| Ann Taylor reported a sharp 2Q earnings decline with same-store sales down 6.1%, Gap posted 39% profit jump but lowered full-year earnings outlook. |
|
|
Full Story... |
1
 |
|
