Author: 123jump.com Staff
123jump.com
Last Update: 6:23 PM EST January 03 2006
Less than robust construction spending and weaker than expected read on manufacturing put pressure on the averages in the early trading. Market reversed its direction and climbed more than 1% on Dow and close to 2% on Nasdaq near close. General Motors dropped to a new low. Oil jumped 3% on speculative buying. Gold jumped $13 per ounce. Affiliated Computer is reported to be in a deal to go private at $8 billion.
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