Category Archives: Earnings

Dow Rises Slightly –

The Dow Jones Industrial Average rose slightly on Thursday and closed at 13,597.  Gold declined $8.70 to $1,763 an ounce.  Crude oil also fell and finished at $91.72 a barrel.  High inventory levels were a factor in driving the price of crude oil … Continue reading

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Crude Oil Closes Below $90 –

Crude oil fell slightly on Tuesday and closed below $90 a barrel.  Traders weighed European economic concerns and the possibility of rising levels of crude oil inventory.  The Euro was also trading lower against the U.S. Dollar. To read a related Wall Street … Continue reading

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Manufacturing Data Sends Oil Higher –

According to the Institute of Supply Management, U.S. manufacturing for April increased the most in ten months.  The data sent crude oil prices higher in trading on Tuesday.  Crude oil prices rose above the 50 day moving average of $105.21 a … Continue reading

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Crude Oil Supplies Rise –

According to the U.S. Energy Information Administration, crude oil supplies rose by 5 million barrels last week.  In addition, gasoline inventories rose 3.6 million barrels and distillates increased by 4 million barrels.  All of the inventory increases were well above … Continue reading

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Oil Rises On Economic Growth Outlook –

Crude oil rose to $103.41 during afternoon trading and settled at $102. 24 a barrel.  An improved outlook for US economic growth also sent the stock market to a five month high.  In addition, tensions in Iran and Nigeria raised supply concerns … Continue reading

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Data Sends Crude Oil Lower –

European and Chinese manufacturing numbers came in weak and that helped to send crude oil lower.  Crude oil settled at slightly higher than $100 dollars a barrel on Thursday.  This is the first time since February 2009 that Chinese manufacturing has … Continue reading

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Euro & Gold Decline –

The Euro declined in trading after a spokesman for German Chancellor Angela Merkel indicated that the debt crisis would not be resolved in the next few weeks.  The news also sent crude oil and gold prices lower in trading on Monday. To … Continue reading

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Treasuries Fall On Jobs Data –

Treasury yields rose for the fourth straight day after a government jobs report indicated that the economy added more jobs in September.  Ten year notes increased to 2.06% near the end of the trading day.  Yields had fallen to their lowest … Continue reading

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Gold Prices Tumble –

Gold prices tumbled at the end of the week falling almost 10% in the last three trading sessions.  Gold fell $101.90 on Friday and settled at $1,639.80 an ounce.  Global economic conditions have led traders to consider the possibility of deflationary conditions.  Generally, gold … Continue reading

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European Stocks Fall –

European stocks fell 3 percent in Monday trading and the Euro dropped against the Dollar.  The risks associated with Euro-Zone investments increased with weak economic data and outcomes from recent elections in Germany.  The Euro fell to $1.4111 against the US Dollar.  To … Continue reading

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Apple CEO Steve Jobs Resigns –

Steve Jobs resigned from Apple and COO Tim Cook will be his replacement.  Steve Jobs has been on medical leave since January 17th.  Analysts do not expect the resignation to slow product launches by Apple.  Shares of Apple fell 7 percent … Continue reading

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Dow Finishes Up –

The Dow Jones finished up 125 points on Friday but was still down 1.5% for the week.  Trading was very volatile all week with the Dow Jones moving 400 or more points on four consecutive days.  Gold touched $1,800 an ounce … Continue reading

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Stocks & Oil Tumble –

The Dow Jones Industrial Average fell over 600 points in trading on Monday.  The downgrade of U.S. debt and concerns for the global economy continued to drive the market lower throughout the day.  Crude oil also fell in trading and finished … Continue reading

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Stock Market Slammed –

The Dow Jones fell more than 500 points on Thursday and has fallen 8 of the last 9 trading days.  The 500 point drop is the worst one day decline since December 2008.  Almost 15 stocks fell for every stock that rose on … Continue reading

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Dollar Hits Record Lows –

 The U.S. Dollar continued to decline against all major currencies and hit record lows in trading.  The uncertainty surrounding debt negotiations between Republicans and Democrats are leading traders to sell the Dollar.  In afternoon trading the U.S. Dollar/ Euro exchange … Continue reading

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