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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Dec 18, 2003
Page
7
U.S. stocks closed mixed with the Dow up 13.70 as Circuit City and FedEx earnings sapped gains from the prior rally. The Nasdaq slipped 2.96 while the S&P 500 rose 1.35 amid a softer dollar and cautious outlook on profits and hiring.
The United States and four Central American countries Guatemala El Salvador Nicaragua and Honduras sealed a broad free trade agreement after a last minute textiles snag. Costa Rica exited talks, citing US demands on market openings in telecoms and insurance. US Trade Representative Robert Zoellick and ministers planned a formal news conference to announce the breakthrough.
Crude futures rose to levels unseen since the prewar Iraq period as U.S. inventories fell to a December low. Jan light sweet crude settled at 33.35, Brent at 30.59, with analysts noting persistent demand and limited supplies could push prices higher amid winter expectations.
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