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Market Update : 
U.S. Stocks Struggle, Construction Spending Up
Author: 123jump.com Staff
123jump.com
Last Update: 12:50 PM EDT March 30 2007

Market averages closed lower after three hours of trading in New York. Much awaited report on corn planting revealted larger than expected rise in corn planting this season depressing corn and soybean prices. The government expects record corn planting since 1944 driven by etahnol based demand. Construction spending rose 0.3% in February driven government projects. Global Payment fell 11% on lowered earnings. European markets closed mixed with a negative bias but Asian mrkets closed higher.

 

 

 
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