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Market Update

Oil Hits New High But Market Rises

123jump.com Staff
30 Nov, -0001
New York City

July retail sales gained 1.8% better than gains in June and 4-week average and last week

Retail Sales Boost Averages

123jump.com Staff
30 Nov, -0001
New York City

July retail sales gained 1.8% better than gains in June and 4-week average and last week

Retail Sales in Focus

albena
30 Nov, -0001
New York City

Futures were trading higher early Thursday, pointing to a higher opening for stocks. Crude oil prices eased back but still hovered around record levels. Investors will focus on oil prices, corporate news and the latest economic readings to see if stocks can rebound from the recent broad decline. The government report at 8.30 is expected to show that retail sales quickened in July which will be a sign that economy continues to expand.

$65 Oil Weighs on the Market

123jump.com Staff
30 Nov, -0001
New York City

Early morning enthusiasm lifted averages but as oil climbed to $65 the market meltdown began. The 100 plus point rally in Dow turns 25 points sell-off. American Italian Pasta shares are down 34%. AIG, Disney, Cisco, Ralph Lauren trade on earnings news.

Market Dragged from the Morning's Peak

123jump.com Staff
30 Nov, -0001
New York City

Traders have decided to focus on the positive news in the Fed

Market Stays High

123jump.com Staff
30 Nov, -0001
New York City

Traders have decided to focus on the positive news in the Fed

Belief in Stronger Economic Gains

123jump.com Staff
30 Nov, -0001
New York City

Traders have decided to focus on the positive news in the Fed

Oil to Drive Early Trading

albena
30 Nov, -0001
New York City

Futures are higher Wednesday morning and stocks seem poised to continue the Fed rally from Tuesday, shrugging off weaker-than-expected outlook from tech bellwether Cisco and rising oil. In mid-morning, the government is due to release its weekly petroleum inventory statistics, which is likely to affect the oil market.

Rates May Rise in the Future

123jump.com Staff
30 Nov, -0001
New York City

The Fed

Rates May Rise in Future

123jump.com Staff
30 Nov, -0001
New York City

The Fed

Rates Up, Oil Falls, Market Up

123jump.com Staff
30 Nov, -0001
New York City

Fed raised for the tenth time since June 2004 short-term interest rates by 25 basis points to 3.5%. Fed appears to raise rates again in the near future. Wholesale inventories in June were $353.1 billion, up 0.7% from May and up 10.2% from one year ago. Sales were $297.3 billion, up 0.6% from last month and up 7.8% from June 2004.

Fall in Oil Takes Market Higher

123jump.com Staff
30 Nov, -0001
New York City

Productivity rose 2.2% in the second quarter, down from 3.2% in the first quarter, and rose at an annual rate of 1.3%. Investors are expecting Fed to raise interest rate this afternoon. Wholesale inventories rose 0.7% more than expected.

Economic Data to Drive Opening

albena
30 Nov, -0001
New York City

After 3 days of declines in a row, on Tuesday the futures point to a slightly higher open ahead of the word from the Federal Reserve on future interest rate hikes. Corporate news is likely to give direction to individual stocks and sectors. Oil eased back from the $64-per-barrel level it hit overnight. Second-quarter non-farm productivity and June wholesale-inventories data are also expected today.

$64 Oil

123jump.com Staff
30 Nov, -0001
New York City

In a day of at least four merger deals, market

Oil at Peak Takes Market Lower

123jump.com Staff
30 Nov, -0001
New York City

In a day of at least four merger deals, market