Lower OilGold; Visa Rises Borders Falls

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Market Update :

Lower Oil,Gold; Visa Rises, Borders Falls

Author: 123jump.com Staff
123jump.com
Last Update: 10:50 AM EDT March 20 2008

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U.S. stocks edged higher in the morning on continued weakness in crude oil and metals prices. Crude oil, gold, and natural gas fell more than 3% in the morning trading. FedEx reported lower earnings and guided current quarter earnings to decline. Borders Group fell 12% after reporting earnings decline and financing from activist investor Pershing Square. Visa stock rose 6% on the second day of trading.

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