|
Banks Fall, Oil Complex Rises |
| |
Author: 123jump.com Staff
123jump.com
Last Update: 4:26 PM EDT April 14 2008
Wachovia Corp reported quarterly loss in the first quarter, wrote down its assets by $2 billion, cut its dividend by 41% and will raise $7 billion in fresh capital. The news sent market averages and banking sector stocks lower. In the commodities market, sugar, crude oil and gasoline increased, lifting stocks in the energy sector. Petrobras, in Brazil, surged on an oil field find. Berlusconi returned to govern Italy, for the third time. |
|
|
|
|
| |
|
|
