Libyan leader Muammar Gaddafi used tanks, helicopters and warplanes to quell a growing revolt as the veteran leader scoffed at reports he was fleeing after four decades in power. For details, see [ID:nL3E7DM0K1]
Libya's oil terminals were blocked and the prospect of further disruptions to oil supplies from Libya, Africa's third-largest producer, sent oil prices to a 2-1/2 year high. [O/R]
"The anxiety (over the unrest in Libya) is driving up oil prices and creating concerns about inflation as well. The domino effect is also making investors come out of the equities market," said Andre Bakhos, director of market analytics at Lek Securities in New York.
S&P 500 futures SPc1 fell 15.6 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures DJc1 slid 74 points, and Nasdaq 100 futures NDc1 tumbled 33.75 points.
Shares of Wal-Mart Stores Inc (WMT.N) were off 2.2 percent to $54.14 in premarket trade after the world's largest retailer posted its seventh straight drop in U.S. sales. [ID:nN22266456]
Elsewhere in the Middle East, two Iranian naval ships entered the Suez Canal, a canal official said, heading toward the Mediterranean, a move certain to anger Israel. [ID:nLDE71L01E]
Home Depot Inc (HD.N), the world's largest home improvement chain, reported higher-than-expected quarterly profit as shoppers began long-delayed home projects in a slowly recovering U.S. economy. The stock rose 3.7 percent to $39.80 premarket. [ID:nN22262528]
U.S. single-family home prices fell for the sixth month in a row in December, in line with expectations, according to a closely watched private survey. [ID:nDYE7DA01T]
U.S. consumer confidence data for February is set for 10 a.m. EST (1500 GMT). Economists look for a reading of 65.0, compared with 65.6 previously, according to a Reuters survey.
U.S. markets were closed on Monday for the U.S. Presidents Day holiday, but on Friday stocks pushed higher for a third week despite growing signals of an overheating market. articel from....
Related Post:
business
- Impact IBM buying Texas Memory Systems
- Why RBS faces huge fine over Libor scandal
- Ofcom probes John Darwin email hacking by Sky News
- European Union will ban the sale of luxury goods for Syria
- Why George Osborne criticised over £10bn IMF loan
- Alexander and Thomas Hunter face US fraud case stock scheme
- Wexford employment fair today april 20 2012
- U.K. drug maker Glaxo Sells Bulk of Over-the-Counter Drugs
- when will Apple to create 500 jobs at European headquarters in Cork
- UK will commit £9.3bn to the International Monetary Fund
- CIMB will acquire RBS Asia-Pacific units
- HBO streaming TV series and films in Australia
- HMRC tax credit news january 31 2012
- EITC offers a refundable tax credit to workers with low or moderate income
- Best Digital Compass Watches to buy
- new Ozeri Precision Digital Bath Scale 400 lb Edition prices sale
- How long did the first bank of the US last
- Israeli hacker has published details of hundreds of Saudi credit cards online
- More sales gloom for a host of high street retailers
- tesco profits prediction 2012-2013
- Fiat Gucci Edition Price Canada
- New Balance Duo Sport Watch Waterproof
- Powered by Article Dashboard money exchange rate canadian
- underground banking gold cd
- Auto Sales and Market Share in mexico
No comments:
Post a Comment