Home
US stocks mixed amid another record day for oil
Middle East News.Net
Thursday 3rd July, 2008 (IANS)
US stock indices saw mixed results Thursday as oil prices continued climbing to record highs and the US economy shed more jobs.
The US Department of Labour said 62,000 jobs were lost in June, the sixth straight monthly decline, though the unemployment rate remained steady at 5.5 percent.
Crude oil contracts for delivery next month climbed above 145 dollars per barrel for the first time amid fears that new demands on oil from China could further strain supplies.
Technology stocks dropped after Nvidia Corp, the second-largest maker of computer graphics chips, cut its quarterly sales forecast.
The blue-chip Dow Jones Industrial Average rose 73.03 points, or 0.65 percent, to 11,288.54. The broader Standard & Poor's 500 Index was up 1.38 points, or 0.11 percent, to 1,262.90. The technology-heavy Nasdaq Composite Index fell 6.08 points, or 0.27 percent, to 2,245.38.
US financial markets are closed Friday for US Independence Day celebrations.
The US currency jumped against the euro to 63.71 euro cents from 62.95 euro cents Wednesday and surged against the Japanese currency to 106.71 yen from 105.83 yen.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Over 600,000 people stranded in Bangladesh floods
At least 600,000 people have been stranded in Bangladesh as a result of serious flooding. [read story]
- Hurricane still spiralling through Caribbean
Hurricane Ike has roared across the low-lying Turks and Caicos Islands in the Caribbean, causing people to seek refuge in shanty towns. [read story]
- Hatred for US building in Pakistan
The Pakistan Ambassador to the United States, Hussain Haqqani, has told reporters that unilateral actions by US forces in Pakistani territory will not help to the war against terror, but will spark fury among the people. [read story]
- Pakistan bomb kills policemen and passersby
At least 30 people, including five policemen, have been killed in a suicide car bomb attack in Pakistan. [read story]
- Sensitive UK computer data goes missing
A computer firm in the UK has lost personal details relating to thousands of British prison staff, prompting the country's Justice Secretary, Jack Straw, to order an urgent inquiry into Electronic Data Systems. [read story]
|
|
 |
 |
|
|
