Stocks rise as Northeast blackout disrupts postmarket trading
Shares edged higher on upbeat economic data while a major power outage hit the Northeast after the close. The Dow gained 38.80 to 9310.56 as Nasdaq and S&P advanced, with exchanges uncertain about today’s trading due to generator issues.
MENTIONED IN THIS ARTICLE
New York
Northeast
Cleveland
Detroit
Toronto
Cial
Peter Cardillo
Global Partner Securities Inc
Mer
Wall Street
Dow Jones
Standard & Poor
Unemployment claims inch up as layoffs stabilize
New jobless claims rose 2,000 to 398,000 for the week ending Aug 9 while four-week moving averages fell to 394,250, the lowest since Feb. 15, signaling a gradual labor market improvement. Weekly benefit recipients dropped to 3.7 million for the week ending Aug 7 as claims remained under 400,000 for four straight weeks.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Ken Mayland
ClearView Economics
Crude oil futures rise on gasoline buying amid tight supplies
New York traders saw Nymex crude end up 31 cents at 31.09 a barrel as gasoline futures gained on tight U.S. supplies. Brent on ICE fell 12 cents to 28.83 a barrel while natural gas dropped to 4.891 per thousand cubic feet.
MENTIONED IN THIS ARTICLE
NEW York
New York Mercantile Exchange
Nymex
International Petroleum Exchange
Suncor Energy Inc
Samia
Canada
Suncor
Neil Levine
Zone
Tony Rosado
Petroeum
U.S
Evans
Iraq
Trade deficit narrows on June exports rise to two-year high
The Commerce Department reports a 4.7 percent June narrowing of the US trade gap to 39.5 billion as exports climb 2.4 percent to 84.6 billion, led by capital goods. Imports hold at 124.2 billion with autos and parts rising, while consumer goods drop. The China deficit widens to 10 billion on 12.1 billion in imports.
MENTIONED IN THIS ARTICLE
S&p
Treasury
PPI
Federal Reserve
Ron Schreibman
National Association of Wholesaler Distributors
Fed
Alan Greenspan
Ecomists
America
Commerce Department
United States
China
John Snow
Wade
Snow
Asia
Japan
Bush
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