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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Jul 28, 2004
Page
11
The Baytown Chamber of Commerce welcomed Traditional Karate to its second site at 2312 N. Alexander in Bay Plaza Shopping Center with a ribbon cutting. Pictured are District 6 Councilman Sammy Mahan, Chamber Ambassadors, head instructor Jenny Hilton, after school program director Jennifer Castillo, and others.
Wall Street rebounded from a slump after a solid consumer confidence report and Verizon Communications earnings outlook. The Dow rose over 120 points, reversing weeks of lag as analysts cited oversold conditions and a stronger market tone amid light NYSE volume.
The Conference Board reported a 106.1 July consumer confidence index, highest since June 2002, helped by labor market gains. Stocks surged with the Dow up 1.2 percent to 10,085.14 as S&P 500 and Nasdaq also rose. New home sales in June fell 0.8 percent to 1.326 million, better than estimates, signaling continued economic momentum despite earnings concerns.
Oil futures rose toward the June peak on tight global supplies and strong demand. Brent settled higher as tensions around Yukos and a Russia tax dispute weighed on markets. Analysts cited OPEC capacity limits and rising consumer confidence as factors boosting prices.
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