S&P 500
1930.67
-39.40 -2.04%
Dow Indu
16563.30
-317.06 -1.91%
Nasdaq
4373.45
-89.45 -2.05%
Crude Oil
97.46
-0.71 -0.73%
Gold
1285.085
+1.880 +0.15%
Euro
1.339965
+0.001180 +0.09%
US Dollar
81.486
+0.026 +0.03%
Weak

Market Commentary and Intraday News

News Summary: US wholesale stockpiles rise

510 days ago

See the FX Turbo Trader Auto System in Action
(System Made $6,570* Net Gains in 90 Days!)

Tuesday, August 5th at 11:00am EDT join a Forex trading pro as he demonstrates how the FX Turbo Trader System could help you cut your losses short and let your profits run to create monumental net gains.
Click Here!

By The Associated Press

STOCKING UP: U.S. wholesalers boosted their stockpiles by 1.2 percent in January, the largest amount in 13 months even though their sales dropped 0.8 percent.

LUMBER JACK: The rise in stockpiles was led by a 3.4 percent gain in lumber inventories, a sign that building supply stores are expecting increased home construction. Stockpiles of furniture rose 0.9 percent in January. But farm inventories slipped 1.5 percent.

THE TAKEAWAY: Increased stockpiling supports economic growth by triggering greater factory production. Many economists believe improved inventory building will help lift economic growth to a faster pace of around 2 percent in the January-March period.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

INO.com on Facebook INO.com MarketClub on Twitter INO.com on Google+ INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.