Established 1999
123jump.com - U.S. Financial Information Archive: 90,000 Annual and 10-K reports – 20,000 Global news stories - 3,500 IPO reports - 1,700 - Earnings Calls – 320 Fund Interviews – 10-year Annual earnings on 4,500 stocks – 20 Quarterly earnings on 3,600 stocks – 1,800 IPO prospectuses – 1,200 Economic data releases
     
   
 
Market Update : 
Record Oil Burns U.S. Stock Gains
Author: 123jump.com Staff
123jump.com
Last Update: 4:26 PM EDT April 07 2008


(Continued)

Email article | Print article

U.S. stocks gained nearly 0.7% by mid-day trading but lost most of the gains as oil and gasoline climbed. Gold and silver regained some of the luster lost last week. Crude oil traded near record level after a rise of $2.55 to $108.78 a barrel and gold jumped $13.60 to $926 per ounce. Investors bid stocks up in the morning after news of posssible capital injecton of $5 billion in Washington Mutual from a group of investors led by buyout group TPG.

 
In South Korea Kospi Index increased 7.07 or 0.40% to close at 1,773.56 and Indonesia JSE Index edged increased 9.71 or 0.43% to 2,286.80. Sensex index in India increased 413.96 or 2.70% to 15,757.08. Market of Thailand was closed today.

Commodities, Metals, and Currencies

Crude oil increased $2.55 to close at $108.78 a barrel for a front month contract, natural gas increased 46 cent to $9.78 per mBtu, and gasoline futures increased 2.10 cents to close at 277.77 cents per gallon.

Gold increased $13.60 in New York trading to close at $926.80 per ounce, silver closed up $0.36 cents to $18.12 per ounce, and copper for front month delivery increased 2.50 cents to 397.95 per pound.

Wheat futures decreased 57.00 cents in Chicago trading and closed at $9.34 per bushel. Sugar increased 62.00 cent to $12.19 per pound. Soybean future closed down 22.00 cents to $12.55 a bushel.

Dollar edged higher and traded near a record low against euro to $1.5704 and edged higher against yen to 102.46.

Bond Yields increased for 10-year U.S. bonds and closed at 3.56% and on 30-year bonds increased to close at 4.37%.
  1  2 More: Market Update Archive

 



 
© 1999-2008 123jump.com. All rights reserved