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Market Update : 
MetroPCS Earnings Rise, Ingersoll Spin-Off
Author: 123jump.com Staff
123jump.com
Last Update: 3:05 PM EDT May 15 2007


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U.S. stocks rose on stable inflation report. Home Depot shares fell 0.9% as well as Wal-Mart shares dropped 0.7% after releasing earnings. General Motors gained 4% on analyst upgrade at Lehman Bros. Altana topped the list of Biggest Percentage Price Gainers on the New York Stock Exchange. Limited stock was halted ahead of the news from the company. Dow Jones Industrial Average is up 8.5% in the last 30 trading days. Brazil currency real rose to a six-year high.

 
Commodities

Gold for immediate delivery shed $1.20, or 0.2%, to $668.55 an ounce, while silver for immediate delivery lost 3 cents, or 0.2%, to $13.13 an ounce. Aluminum for immediate delivery in London yesterday fell 1.9%, copper fell 3.1 %, lead, 0.6%, nickel, 2.6%, and zinc, 2.6%.

Crude oil for June delivery advanced 9 cents to $62.55 a barrel, in after-hours electronic trading on the New York Mercantile Exchange. Brent crude oil for June settlement fell 20 cents to $66.63 a barrel in electronic trading on the ICE Futures exchange. Gasoline for June delivery fell for the second day and was trading at $2.2816 a gallon, down 1.96 cents in New York.

Currencies

The U.S. dollar was mixed against other major currencies in European trading Tuesday morning. The euro traded at $1.3533, down from $1.3541 late Monday in New York. The British pound traded at $1.9758, up from $1.9732. The dollar fetched 120.41 Japanese yen, up from 120.29.
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