Wednesday, April 23, 2008

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 just a bit higher.

The Energy dept. will release weekly oil inventory levels at 10:30 this morning.

Yesterday's action had the Dow giving back 104 points, the Nasdaq lost 31 points, and the S&P closed 12 points lower.

Hillary Clinton wins Pennsylvania primary.

Yahoo. Inc. out with quarterly results which just topped expectations.

Ambac Financial Group reports $1.66 billion loss on big writeoff.

Boeing will report results before the open this morning.

Apple will be out with quarterly results tonight.

Mortgage applications drop over the past week.

Crude oil is currently $117.54 per barrel.

Wholesale gasoline is $2.99 per gallon.

Natural gas is $10.53 per unit.

Gold is sitting at $918.00 per ounce.

Budd Foxx

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