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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 13, 2005
Page
7
Roundup highlights the day’s most active stocks with notable movements. Stocks 75 3.68 4.26 3.10 0.24 show varied gains and losses, reflecting volatility in the market as investors react to recent economic data. The roundups track price changes, volumes, and notable trades across leading names.
Oil futures surged above 60 dollars as Tropical Storm Emily formed and threatened Gulf of Mexico production. Analysts cited potential hurricane-related shut ins and refinery outages, with heating oil and gasoline also gaining amid volatile market conditions. The Energy Information Administration lifted its third quarter price forecast while nationwide gasoline averaged 2.33 dollars per gallon.
Nasdaq composite climbs to a six month high as demand for technology shares offsets a oil price rise to 60.62. S&P 500 remains positive year to date while Dow slips. Oil gains follow Gulf shut downs from Hurricane Dennis with gulf production at 30 percent of US output. Analysts warn of sideways markets until Fed pause becomes clear. Home Depot leads Dow gains with a 2.5 percent jump to 41.30 amid Dennis damage speculation.
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