Tuesday, May 27, 2008
U.S. stocks close with gains after oil slides
U.S. stocks close with gains after oil slides
U.S. stocks tilt tentatively higher, shifting course from the market's
worst weekly drop since February, as crude-oil futures fall to more
two-week lows, offsetting mostly bleak data on housing prices and
consumer confidence.
Crude oil closes below $130 after last week's rally
Crude-oil futures fall below $130 a barrel for the first time in nearly
a week, with the market ignoring fresh threats to oil supply as traders
lock in gains from an almost 5% rise in prices last week.
Economic Report: U.S. May consumer confidence at 16-year low
WASHINGTON
U.S. consumer confidence extended its tumble in May to reach a
16-year-low, the Conference Board reported Tuesday, as inflation
expectations reached a record high on rising gas prices.
Economic Report: Home price declines accelerate in March
Home prices in 20 major U.S. metropolitan areas have dropped a record
14.4% in the past year, Case-Shiller index data compiled by Standard &
Poor's show.
Yahoo's coming election battle: A focus on credibility
In this summer's proxy battle for control of Yahoo Inc., analysts say
the big salvos will likely focus on one central question: Did the board
of the Internet company fumble the broken-down merger talks with
Microsoft Corp.?
