Free Republic 2nd Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $9,853
12%  
Woo hoo!! And we're now over 12%!! Thank you all for your continued support!!

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  • Market Update (Dow 10,810.35 +50.92 - Worst Economy Ever!)

    12/22/2004 7:51:51 AM PST · by frog_jerk_2004 · 21 replies · 658+ views
    10:35AM: Market gets a boost following better than expected weekly oil inventories data... Crude supplies rose 2.1 mln barrels (consensus -800K) while distillate stockpiles came in at +600K (consensus -1.13 mln)... Stocks had been trading with a tinge of caution ahead of the data as broad-based gains that pushed every major indice to new highs yesterday had stalled early momentum... Showing some resilience have been homebuilding, materials, financial, airline, networking, retail and utility while sectors under early selling pressure have been disk drive and energy...NYSE Adv/Dec 1612/1226, Nasdaq Adv/Dec 1442/1264