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Market Update : 
Oil and Gold Drop, Lower Global Indexes
Author: 123jump.com Staff
123jump.com
Last Update: 4:31 PM EST February 12 2007


Stocks traded lower with no economic news and ahead of Fed Chairman testimony. Home Depot may sell supply division. Russia led the global sell-off with 2.5% loss followed by 2.4% drop in India. European stocks dropped on worries of higher inflation in the U.S. Vodafon agrees to buy fourth largest telecom company in India for $11 B. Hindalco of India to buy Novelis for $6 B and Four Seasons agrees to go private. U.S. Federal deficit declines 57% in the four months of current fiscal year.

 

 

 

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