|
Headlines
Market news and breaking stories live from Dow Jones Newswires
Market Commentary
A technical analysis commentary of the major markets, only from INO
Smart Scan
A premium service, alerting you to changes in the market by web and email.
Extreme Futures / Stocks
Extreme Markets from all exchanges, updated throughout the trading day.
|
| |
|
Trade Triangle Technology, Advanced Charts, SmartScan, Trading Workshops.
The premier online video learning platform for traders.
Daily Portfolio Scan and Analysis
|
| |
|
Crude Drops Ahead Of EIA Report 77 days ago
(RTTNews) - Crude oil dropped sharply on Tuesday amid economic worries from both China and the U.S. Traders await the release of inventory data later today and tomorrow.
Light sweet crude for January delivery settled at $76.02, down $1.54 on the session. Prices earlier fell below $75.60.
The Energy Information Administration inventory report is due at 10:30 a.m. ET. Crude oil supplies are forecast to increase 1.4 million barrels in the week ended November 20. Gasoline inventories are predicted to rise 500,000 barrels.
The American Petroleum Institute report is expected at 4:30 p.m. ET today.
The natural gas report will be released at noon ET because of the holiday on Thursday, the day that data is normally unveiled.
On Tuesday, a Commerce Department report showed that U.S. gross domestic product increased by an annual rate of 2.8 percent in the third quarter compared to the 3.5 percent growth that had been reported last month. Economists had been expecting the pace of GDP growth to be revised down to about 2.9 percent.
Meanwhile, a Standard and Poor's report showed that the S&P/Case-Shiller Home Price Index fell at an annual rate of 9.4% in September compared to an 11.3% decrease in August. Economists had been expecting prices to decrease by 9.1%.
The Conference Board report showed that the consumer confidence index rose to 49.5 in November from an upwardly revised 48.7 in October. Economists expected the index to edge down to 47.5 from the 47.7 originally reported.
For comments and feedback: contact editorial@rttnews.com
Copyright(c) 2009 RTTNews.com, Inc. All Rights Reserved
< Back to News Index
|
