Stocks slide after upbeat jobless claims report
Wall Street eased in late trading as profit taking outweighed a early Dow gain of 87 points. The Dow fell 81.73 to 9112.51 while the Nasdaq dropped 17.76 to 1701.42 and the S and P 500 slid 7.01 to 981.60 amid a choppy earnings season and mixed job data.
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Tim Smalls
SG Cowen Securities
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Standard & Poor
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St Jude Dream Home Give-Away Ends August Second
A raffle to benefit St Jude Children’s Research Hospital in Houston offers a 4044 square foot Teas Crossing Conroe home valued at 350000 with four bedrooms and three baths. Tickets cost 100 with odds improved as fewer than half of 12000 sold. prizes include a 2003 Ford Explorer and other goods. winners announced on KPRC Channel 2.
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St Jude ‘Dream
Houston
St. Jude Children's Research Hospital
Danny Thomas
Texas
Teas Crossing
Interstate 45
Conroe
Pilgrim Cleaners
Woodforest National Bank
Bering's
Rice Epicurean Markets
Hancock Fabrics
KPRC
Crude futures rally tops thirty dollars a barrel
New York traders pushed crude futures higher with the September contract closing at 30.22 a barrel after a late session rally. Analysts cited buy stops above 30.05 and market bulls feeling confident as technical support held and the price breached 30. The energy complex also saw gains in heating oil while gasoline faced late liquidation but finished higher.
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NEW York
New York Mercantile Exchange
Tom Bentz
BNP Paribas
Tony Rosaco
Zone Energy
Bentz
Energy Information Administration
EIA
U.S
Tim Evans
IFR Pegasus
Rosado
Mortgage rates climb fifth week to highest since January
The 30-year fixed rate rose to 5.94 percent for the week ending today, the fifth straight weekly increase and the highest since mid January. Freddie Mac cites economy gains, deficits, and Fed policy as drivers while refi nancing activity slows but remains strong.
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Washington
Freddie Mac
Wall Steel
Federal Reserve
Frank Nothart
Freddie Macs
Jobless claims drop to lowest in 5 months
The Labor Department reports a seasonally adjusted 29,008 drop in new unemployment claims to 386,000 for the week ended July 19, the second weekly decline and first under 400,000 since February. The four week moving average fell to 419,250, the lowest since March.
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Washington
Labor Department
Oscar Gonzalez
John Hancock
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