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Market Update : 
Monster Down 13%, Best Buy Down 3%
Author: 123jump.com Staff
123jump.com
Last Update: 3:15 PM EDT April 04 2007

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Monster Worldwide fell on lowered revenue outlook for the first quarter. Best Buy profit profit in the fourth quarter rose 18.5% but stock fell after rising in the monrning trading. Candle maker Blyth rose on return to profitability. Positive brokerage comments on Microsoft Corp. lent support, with shares of the software maker up 2.3%. General Electric fell 0.5% and Citigroup was down 0.3%.

 
Gold rose as declines in the dollar may increase investor demand for the precious metal. Gold for immediate delivery advanced $1.95, or 0.3%, to $665.90 an ounce in early trade in London. Silver climbed 6 cents to $13.46 an ounce, platinum gained $2.50 to $1,243.50 and palladium advanced 50 cents to $352.50.

Currencies

The dollar was lower against most other major currencies in European trading Wednesday. The euro traded at $1.3351, up from $1.3331 late Tuesday. The British pound traded at $1.9748, up from $1.9746. The dollar fetched 118.83 Japanese yen, down from 118.88.
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