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Market Update : 
Oil Drops 3%
Author: 123jump.com Staff
123jump.com
Last Update: 7:09 PM EST February 15 2006


Market enjoyed a mild optimistic opening after surging yesterday on strong retail sales. Generally positive comments related to economic health and 3% drop in oil kept buyers in the market for the most of the day. After-the-close HP reported better than expected earnings of 48 cents. Expedia reported earnings of 7 cents, down 43% from a year ago. Las Vegas Sands to sell 55 million shares and raise $3 billion in secondary offering. Mittal Steel posted Q4 earnings of 92 cents per share.

 

 

 

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