Wall Street Begins Third Quarter on Up Note
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Wall Street Begins Third Quarter on Up Note
BusinessWall Street Begins Third Quarter on Up NoteWall Street Begins Third Quarter on Up NoteThe Associated PressWall Street began the third quarter with an erratic session Tuesday as a mix of news made it clear the country is still deep in economic problems but may have some positive trends. (July 1)[Notes:ANCHOR VOICE] Wall Street began the third quarter with an erratic session Tuesday. As a mix of news made it clear the country is still knee-deep in economic problems, some positive trends emerged, including better than expected sales for General Motors and strong exports for U.S. factories. The Dow Jones industrial average - down more than 150 points earlier in the day - rose 32 points to 11,382. The Standard&Poor's 500 index rose 4.91, or 0.38 percent, to 1,285. The Nasdaq composite gained 12, to 2,305. Oil rose 97 cents to settle at a new record of $140.97 a barrel as worries about tight supply and mounting tensions in the Middle East continued. [Notes:SOT: Ray Carbone, President Paramount Options]Meanwhile, worries about personal investments had many expressing concern about the stability of the economy. [Notes:MOSMOS]Prices rose early in the session, then turned sharply lower for much of the day before recovering late in the session. The uneven performance wasn't surprising _ some bargain hunting was to be expected after a dismal first half, and in particular, a dismal June. ___ ___, The Associated Press.(****END****)
YouTube | July 1, 2008
