Wall St ends flat with positive bias; Crude down nearly 3%

Published on Sat, Nov 07, 2009 at 08:53 |  Source : Moneycontrol.com

Updated at Sat, Nov 07, 2009 at 11:13  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr
Wall St ends flat with positive bias; Crude down nearly 3%

ALSO READ

The US markets ended flat with a positive bias after a rocky session as investors juggled a disappointing jobs report and some analyst upgrades. Also Read - How ADRs performed

General Electric was the biggest gainer on the Dow, up 6.2%, after Oppenheimer and Bernstein raised their ratings on the stock to outperform. The Dow Jones Industrial Average rose 0.2%, to close at 10,023. The S&P 500 and Nasdaq indices each gained about 0.3%.

However, for the week, the indices saw good gains - with all three the Dow, Nasdaq and S&P 500 were up around 3%.

The economic data for the day came in worse than expected. The labour department said employers cut 190,000 jobs in October and the unemployment rate jumped to 10.2% its highest level in more than 26 years. In other data, wholesale inventories fell 0.9% in September and consumer borrowing fell by USD 14.8 billion in September.

Crude prices fell nearly 3% to below the USD 78 mark after US jobless rate jumped to a 26-year high.

The base metals pack also remained mostly down.

In currencies, the dollar fell against the yen and the euro. The currency was decreased nearly 1% against the yen. The dollar index continued to trade below the 78 mark.

  

More on Moneycontrol

Trending News

Business News

How to Root and install Custom Recovery on any Android phone
Forget the IIP: there's free cash oozing out of every pore "Forget the IIP: there's free cash oozing out of every pore "

DLF Says Macro Environment Unfavourable W/High Comm & Labour Inflation

The latest earning numbers FIRST on CNBC-TV18
Videos

Feb 10 2012, 21:39

Tulsian buys steel stocks; negative on sugar, ADAG

- in MARKET OUTLOOK

Feb 10 2012, 21:39

Truck demand sluggish; margins down 80bps: Shriram Trans

- in Results Boardroom

Interviews

Feb 10 2012, 15:43 | Source: CNBC-TV18

Growth in margins sustainable going forward: Shasun Pharma  

Feb 10 2012, 15:35 | Source: CNBC-TV18

Expect Q4 GRMs to be similar to Q3: BPCL  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!

Follow moneycontrol.com