- Stocks faded in the final hour of trading. The Dow managed a gain of 30 points, the S&P was up 1 point while the Nasdaq fell 2 points.
- World stock markets have been down after the U.S. Federal Reserve sent a note of caution yesterday about the economic impact of rising unemployment. Investors are awaiting similar interest rate decisions in Europe later in the day.
- Oil prices have been dipping below $80 a barrel in Asia as the U.S. dollar gains strength. Benchmark crude for December delivery has been down 57 cents to $79.83 a barrel in late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract added 80 cents to settle at $80.40 yesterday.
- We'll get an update on the job market this morning with the Labor Department's reading on new jobless claims. Also due, figures on retail sales and third-quarter productivity.
- Toyota Motor is announcing a surprise profit last quarter. The world's largest car company is attributing the unexpected good news to government measures aimed at boosting sales of environmentally friendly cars and other vehicles.
11/05/2009 7:30 AM
© 2009 Associated Press. All rights reserved. Material may not be redistributed.
Morning Business Brief
0
Posts
Posts
© 2009 Associated Press. All rights reserved. Material may not be redistributed.
