Spending, prices keep pace on New York markets
Wall Street closed a winning week with a mixed session as government data show April personal spending up 0.2 percent and personal income also up 0.2 percent. Core inflation rose 0.1 percent, in line with expectations, while Dell and Marvell lifted tech. Dow fell 7.90 to 12,638.32. S&P 500 up 2.12 to 1,400.38. Nasdaq up 14.34 to 2,1522.06. GDP for Q1 was near 1 percent growth. oil near record highs weighs on consumer costs.
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New York Wall Street
Commerce Department
Dell Inc
Marvell Technology Group Ltd
Wall Street
U.S
Standard & Poor
Direct hurricane hit could push oil to 150 dollars a barrel
Meteorologists warn of a busy hurricane season and say a direct hit on Gulf oil and gas infrastructure could push crude above 150 a barrel. Analysts note Gulf disruption risks include damaged platforms, halted refineries, and stalled tanker traffic, with storms often delaying repairs and spiking gasoline prices.
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New York
Gulf of Mexico
Gulf
Brad Samples
Suromit Energy Services Inc
Louisville
Gulf Coast
Jim Ritterbusch
Ritterbusch and Associates
Half Moon Bay
Calif
Gas prices near 4 dollars as oil fluctuates
Retail gas prices rose to a national average of 3.962 a gallon according to AAA and OPIS, with diesel at 4.792 a gallon. Investors watched oil futures, after a period of declines, as gas demand data showed rising costs impact consumer buys and food prices.
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New York
AAA
Oil Price Information Service
Geoff Sundstrom
Columbia
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