Stocks Slip After Brief Rally On GDP Beat
Wall Street cooled after an early gain as blue chips and tech shares fell. Investors priced in a slow recovery amid Enron-era concerns, with the Dow down 21.45 to 10,106.13 and the Nasdaq off 1.2 percent as Gateway warned on first quarter profits.
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Arthur Hogan
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Oil Futures Rally Amid Iraq War Jitters and Supply News
Crude oil futures on the New York Mercantile Exchange rose as traders covered short positions amid Iraq war jitters. April crude settled up 45 cents at 21.74 a barrel after a high of 21.85, while heating oil and gasoline futures showed volatility around March expirations. Natural gas fell, Brent rose, and news of U S bombing in Iraq plus a possible terrorist on an Air India flight boosted prices.
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