Friday, December 28, 2007

Morning News

Futures are pointing to a higher open this morning.

European markets are trading just a bit lower so far today.

In Tokyo the Nikkei 225 did end lower.

Crude oil is $96.55 per barrel.

Wholesale gasolin is sitting at $2.48 per gallon.

Natural gas is $7.08 per unit.

Gold is $836.00 per ounce.

New home sales numbers for the month of November will be released at 10:00 this morning.

Yesterday's action saw the Dow give back 192 points, the Nasdaq lost 47 points, and the S&P finished 21 points lower.

Berkshire Hathaway reportedly will introduce new bond insurance business.

Judge rules Finish Line must complete the purchase of Genesco.

Wal-Mart reportedly will put an end to movie download service.

Mortgage applications drop to yearly low despite borrowing cost.

Budd Foxx

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