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Market Update : 
Oil Up on OPEC, Service Index Lifts Stocks
Author: 123jump.com Staff
123jump.com
Last Update: 11:22 AM EST March 05 2008


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U.S. stocks rebounded in the morning trading after the release of ISM service index. The February measure showed a lower decline compared to January decline. OPEC left its production quota unchanged after a meeting and indicated that there is no sign of demand slack. Crude oil jumped 2%. Big Lots surged 23% after beating the earnings expectations and increasing the earnings guidance for 2008.

 

 

 
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