Posted by
alfredlester on Sunday, March 06, 2011 12:36:53 AM
Stocks Fell On Friday after Another spike in Oil Prices has overshadowed deferral thats the Unemployment Rate Fell To Lowest level icts in Nearly Two Years.
Crude oil rose 5.2 percent, to $ 104.42 a barrel, The Highest Level Since September 2008, after fighting escalated in Libya. Rattled Markets Have Been Over the Last Two Weeks as Oil Prices Higher Threaten to Undermine The Economic Recovery by Increasing Production Costs and transportation.
Higher Energy Prices feels stocks lower despite news thats the nation&&9;s job market Improving WAS. The Labor Department Reported thats the Unemployment Rate Fell to 8.9 percent from 9 percent in February The previous month. The spleen has Dropped for Three consecutive months am and is at Its Lowest level since April 2009. Employers Added 192.000 jobs in February, The Fastest spleen in Almost a year.
"They&&9;re tugging at Each Other, Employment and oil," Said Jack Ablin, chief investment officer of Harris Private Bank. "Oil Is High Enough That It Has to Be a concerned. The drive along it at this level Remains The Greater The Chance That It upend o recovery. "
The Dow Jones Industrial Average Fell 88.32 points, or 0.72 percent, to 12,169.88. The Dow HAD Been Down as Many as 178 points discussed earlier.
The Standard & Poor&&9;s 500-stock index Fell 9 free business cards.82 points, or 0.74 percent, to 1,321.15. The Nasdaq Composite Index Fell 14.7 points, or 0.50 percent, to 2,784.67.
All 10 company groups That Make Up the S. & P. index fell. Financial companies Fell 1.3 Percent, The Largest drop. Citigroup Fell 3 percent and The Goldman Sachs Group Fell 2.1 percent after Bank of America analysts trimmed earnings forecasts for Their The Two banks.Analysts Noted optometrist Expected The turmoil in the Middle East to make institutional investors more Cautious With Their cash, Leading to a drop in trading revenue.
Each index Ekedi out small gains for the Week. Had the Largest Dow move, inching up 0.3 percent.
Wal-Mart Stores Raised icts Annual dividend 21 percent Friday. Its stock Gained 0.1 percent, to $ 52.07.
Interest Rates Were Lower. The Treasury&&9;s benchmark 10-year note rose 17/32, to 101 4 / 32, And The Fell To yield 3.49 percent from 3.55 percent late Thursday.
The Dollar Weaker Against Other Major WAS currencies.
The euro traded at $ 1.3987, up from $ 1.3959 late Thursday. The dollar faded to 82.32 Japanese yen from 82.37 yen.
Rising Oil Prices Drop overshadow In The Jobless Rate