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Baytown Sun in Baytown, Texas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Baytown Sun

Location

Baytown, Texas, United States of America

Date

Jul 04, 2002

Page

7

Bargain hunters lift stocks amid muted market rebound

Wall Street gained late after two days of steep declines as bargain buyers lifted stocks despite a cautious mood after AMD’s revenue warning. The Dow edged up 0.5 percent to 9054.97, the Nasdaq rose 1.7 percent to 1380.17, while advancers lagged decliners and analysts warned the downturn may resume.

New “York Wall Street New York Stock Exchange Stephen Cail Equity Williams Capital Group Standard &Poor Steven Goldman Weeden & Co Greenwich Conn Dow

Jobless claims drop to 45 month low signals improving jobs

U S Labor Department data show new unemployment claims fell by 11 000 to 382 000 for the week ending June 29 the lowest since March 24 2001 marking the second straight week under 400 000. Factory orders rose 0.7 percent in May and stock indices drifted lower with mixed signals across sectors. Analysts eye June employment data as the market weighs earnings outlook and lingering recession effects.

Washington U.S Labor Department Commerce Department Wall Street Dan Jones

Oil futures edge higher as holiday trading nears

New York Mercantile Exchange oil and products futures closed mostly firmer after a session skewed by light volume and event risk. Nearby August crude rose to 26.80 a barrel while August heating oil and gasoline edged to 68.77 cents and 78.60 cents per gallon, as traders eyed four trading days off and possible weekend terror risk. Brent in London gained to 25.84, while natural gas slipped to 3.142 per 1,000 cubic feet amid mixed API and DOE stock data."

NEW York New York Mercantile Exchange Nymex John Kilduff Fimat USA Inc London Brent North Sea

Port of Houston welcomes first direct Russian oil shipment

The Port of Houston received a 200,000 metric ton direct Russian oil shipment aboard the Astro Lupus. Yukos supplied the oil, purchased by Exxon Mobil and another buyer, with plans for five or six U.S. shipments this year. Officials urged diversification of oil sources and expansion of U.S. oil supply lines.

Houston United States U.S Middle East Mikhail Brudno Russian Oil Company Brudno Yukos Russia Exxon Mobil Corp Moscow George W. Bush Vladimir Putin Michael Smith Smith Ken Bentsen Dhouston Nick Lampson D Beaumont Bentsen

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