Monday, June 27, 2005

Morning News

  • Futures are down pointing to a lower open.
  • Crude Oil seems to be making all the headlines this morning with concerns over supply and demand oil has reached all time highs this morning. Currently at $60.34 per barrel .
  • Gasoline prices are also on the rise over the past two weeks prices at the pump have jumped up on average .08 cents a gallon.
  • Traders will anxiously await for thursday as the Federal Reserve will announce latest policy on intrest rates.
  • Wal-Mart Stores Inc.(WMT) looking to expand into Europe.
  • Toyota Motors (TM) To build new factory in Canada.
  • Sun Microsystems (SUNW) to release source codes for it's Java Applications
  • General Motors (GM) not allowing insiders to purchase or sell company stock.

Budd Foxx

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