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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jan 10, 2012
Page
7
Light, sweet crude settles at 101.38 dollars per barrel as markets close. The session features broad moves across energy and financial sectors with traders eyeing supply data and global demand cues.
Stocks drifted higher in a listless session as investors awaited first quarter earnings. Alcoa posted a $34 million Q4 loss and revenue of $6 billion, sparking mixed reactions. the Dow rose 32.77 points to 12,392.69, the S&P advanced 2.84 points to 1,280.70, and the Nasdaq climbed 2.40 points to 2,676.56 amid slim volume and cautious optimism about overseas demand and future profits.
General Motors eyes a return to the top global position as US and Chinese sales rise, aiming to finish 2011 around 4 million vehicles. VW reports 8.156 million in 2011 and Toyota posts 7.0 million, while GM’s full-year total will be announced later this month.
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