Established 1999
 
8,000 companies from
USA,Canada and India.		  
   
Search over 25,000 News & Earnings Archives    
 
Market Update : 
Oil Above $102, Record Low in Dollar
Author: 123jump.com Staff
123jump.com
Last Update: 4:47 PM EST February 28 2008

(Continued)

Email article | Print article

U.S. stock indexes lost nearly 1% after the latest read on GDP showed a sharply lower growth in the fourth qaurter. Dollar fell to a record low for the third day in a row against euro and fell against Swiss Franc, British Pound and Brazilian Real. Oil jumped 3% to $102.53 on weak dollar and continued violence in Nigeria. Separately, Sprint reported a huge loss after it wrote-off $30 billion for its recent purchase of Nextel. Sears earnings declined on weak consumer spending.

 
Wheat futures fell 8.50 cents in Chicago trading and closed at $11.65 per bushel. Sugar increased 3 cents to 14.66 cents per pound. Soybean future closed up 3.725 cents to $15.125 per bushel.

Dollar edged lower and traded at new record lows against euro to $1.525 and edged higher against yen to 105.34.
  1  2 More: Market Update Archive

 
 
350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries
© 1999-2008 123jump.com. All rights reserved