Tuesday, May 11, 2010

Wholesale Inventories Increase

Wholesale inventories rose 0.4% in March month-over-month, versus the Bloomberg consensus, which called for a 0.5% advance, and February’s figure was unrevised at a 0.6% increase. Details from Bloomberg...

The Dow Jones Industrial Average lost 37 points (0.3%) to close at 10,748, while the S&P 500 Index fell 4 points (0.3%) to 1,156, and the Nasdaq Composite was flat at 2,375. Crude oil fell $0.83 to $75.97 per barrel, while the Bloomberg gold spot price jumped $29.98 to $1,233.08 per ounce.

Magnificent Seven Update


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