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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 05, 2010

Page

6

Light Sweet Crude Settles At 70.91 A Barrel

Oil markets show light sweet crude ending trading at 70.91 dollars per barrel as traders weigh supply and demand, with analysts noting modest gains amid cautious sentiment and inventory data from the week.

May job gains hinge on census hires, private sector wary

May saw 41,000 private jobs added as census hiring boosted total. The unemployment rate fell to 9.7 percent mainly due to people dropping out of the labor force. Wall Street fell as investors judged private hiring weak, with the Dow down over 3 percent. The report warned of slow recovery, European debt woes, and ongoing job gaps despite holidays for census workers.

Washington Wall Street U.S Congress Barack Obama Obama Associated Press Gfl House John Boehner Ohio James Phelps Seagate Technology Minneapolis Phelps National Association of Colleges and Employers Chrysler LLC Ford Motor Co Hewlett- Packard Co Hershey Co Gallup Ken Mayland ClearView Economics Nomic Thomson Reuters Daniel Penrod California Credit Union League Richard Sparks Schaeffer

Dow sinks on weak May jobs data and Hungary crisis

U S stocks tumbled as the Labor Department reported May private hiring at 41,000, far below April and economists’ forecasts. Hungary warned of a grave economy, sending European markets lower as the Dow fell 323.31 points to 9,931.97, S&P 500 down 37.95 and Nasdaq off 83.86. All 30 Dow components declined.

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Also Mentioned on This Page

Dow Jones Joel Naroff Naroff Economic Advisors Federal Reserve Tig Gilliam Adecco Group North America
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