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Reply #34: 10:00 EST numbers and check out the CRUDE blather ($129.93 bbl!!!!) [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-06-08 09:03 AM
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34. 10:00 EST numbers and check out the CRUDE blather ($129.93 bbl!!!!)
Dow 12,879.73 89.81 (0.69%)
Nasdaq 2,448.97 15.15 (0.61%)
S&P 500 1,399.60 7.89 (0.56%)

10-Yr Bond 3.812% 0.033


NYSE Volume 444,587,250
Nasdaq Volume 254,998,953.125

09:40 am : The major indices open on a modestly lower note, with financial companies (-1.7%) acting as the main drag in the early-going.

Fannie Mae (FNM) is fueling the selling interest after reporting a larger than expected loss, cutting its dividend by 30% and announcing it is raising $6 billion in capital. UBS (UBS) is not helping things either, after announcing it is going to sell $15 billion in mortgage assets to BlackRock (BLK), and will eliminate 5,500 jobs.

Meanwhile, crude oil is continuing its record run, hitting as high as $129.93 per barrel. Crude oil prices have since eased a tad, trading up 0.5% to $120.55 per barrel.DJ30 -88.67 NASDAQ -11.89 SP500 -8.41
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