|
|
|
Weak Existing Home Sales
Dec 29, 9:56 PM EST |
|
| General Motors share drags DOW down to 0.02% gains for the year. Tech stocks traded weak for the day as oil jumped above $60 per barrel. |
|
| With less than a day left hopes of market rally are fading very quickly. Oil jumped above $60 as weekly petroleum report suggested declining oil crude inventory. Jobless claims were unchanged for the previous week. Existing home sales for November month fell below 7 million units for the first time since the month of March 2005. For the year, GM shares have declined 50% draging with it Dow Jones Industrial Average yearly gain to mere 0.02%. |
|
|
Full Story... |
Jobless Claims Rise
Dec 29, 9:14 AM EST |
|
| Oil prices declined ahead of petroleum report and amid speculation OPEC may cut output. European gold rose. The dollar steadied. |
|
| Asian-Pacific benchmarks rallied Thursday with the Nikkei in the lead, rising 0.9% to a new multi-year high of 16,344.20 on expectations of strong corporate profit and economic growth. European markets slightly advanced at mid-day, suppported by miners and insurers with each average rising 0.3%. InterDigital Communications said that a federal judge confirmed an award against mobile phone making giant Nokia Corp. for between $232 million and $252 million. |
|
|
Full Story... |
1
 |
|
