Stocks press on individual investors amid job fears
In New York and across the nation, stocks face renewed investor hesitation as terrorism alerts, layoffs, and dull forecasts dampen confidence. Analysts note hedge funds and mutual funds with short-term aims are buying oversold stocks, while individuals wait for clearer employment signals and year-end changes.
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Oil dips to lowest price since July 1999
New York AP report notes crude oil at 20.48 a barrel amid ample inventories and weak demand for gasoline jet fuel and distillates. Analysts cite OPEC quota noncompliance and future demand concerns as key factors driving prices down with major indices posting weekly declines.
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