Thursday, March 20, 2008

Morning News

Futures are pointing to a higher open at this point in the morning.

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

Many Asian markets were closed.

Crude oil has pulled back to just above $100.00 per barrel.

Wholesale gasoline is $2.53 per gallon.

Natural gas has dipped to below $9.00 per unit.

Gold really making a move to the downside current price is $920.00 per ounce.

Weekly jobless claims will be out this morning.

Leading indicators for the month of February will be released.

Philly Fed Index for March also to be released.

The Energy Dept. will release natural gas inventories this morning.

Yesterday's action saw the Dow take a beating to the tune of 293 points, the Nasdaq gave back 58 points, and the S&P lost 32 points.

Nike out with better than expected quarterly results.

FedEx will be releasing quarterly results.

Pepsi reportedly will buy russian juice company for $1.4 billion.

Budd Foxx

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