Morning News
Futures are pointing to a lower open this morning.
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did end lower.
Crude oil is $90.19 per barrel.
Wholesale gasoline is $2.31 per gallon.
Natural gas is back up to $7.16 per unit.
Gold is currently $805.00 per ounce.
The Energy Dept. will release weekly oil inventory levels at 10:30 this morning.
Yesterday's action saw the Dow end 65 points higher, the Nasdaq was up 21 points, and the S&P finished 9 points higher.
A report is out this morning showing foreclosures are up 68% from one year ago. The report also shows November forclosures are down just a bit from the previous month.
Allstate reportedly saying California fires have resulted in 7,000 claims estimated at about $335 million.
A report is out saying Bear Stearns executives may forgo bonuses this year.
Phillips Electronic has announced a $7.2 billion stock buyback.
Honda will reportedly invest heavily in hybrid vehicle research.
Budd Foxx
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did end lower.
Crude oil is $90.19 per barrel.
Wholesale gasoline is $2.31 per gallon.
Natural gas is back up to $7.16 per unit.
Gold is currently $805.00 per ounce.
The Energy Dept. will release weekly oil inventory levels at 10:30 this morning.
Yesterday's action saw the Dow end 65 points higher, the Nasdaq was up 21 points, and the S&P finished 9 points higher.
A report is out this morning showing foreclosures are up 68% from one year ago. The report also shows November forclosures are down just a bit from the previous month.
Allstate reportedly saying California fires have resulted in 7,000 claims estimated at about $335 million.
A report is out saying Bear Stearns executives may forgo bonuses this year.
Phillips Electronic has announced a $7.2 billion stock buyback.
Honda will reportedly invest heavily in hybrid vehicle research.
Budd Foxx
posted by Gordengekko at 7:12 AM
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