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.
MENTIONED IN THIS ARTICLE
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.
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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."
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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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