...

Wall Street mixed oil prices, retail earnings

Business Materials 14 May 2008 04:46 (UTC +04:00)

US stock markets were mixed Tuesday as record oil prices boosted energy shares and Wal-mart, the world's largest retailer, reported higher profits, dpa reported.

Federal Reserve Chairman Ben Bernanke said Tuesday that the crisis in international financial markets is not yet over despite an easing of the tensions.

Yahoo rallied Tuesday after broadcaster CNBC reported that investor Carl Icahn may try to seize some control of the second-most popular search engine.

Exxon Mobil Corp climbed as crude jumped to almost 127 dollars a barrel.

The blue-chip Dow Jones Industrial Average lost 44.13 points, or 0.34 per cent, to 12,832.18. The broader Standard & Poor's 500 Index dropped 0.54 points, or 0.04 per cent, to 1,403.04. The technology- heavy Nasdaq Composite Index gained 6.63 points, or 0.27 per cent, to 2,495.12.

The dollar rose to 64.63 euro cents from 64.35 euro cents on Monday and gained against the Japanese currency to 104.76 yen from 103.88 yen.

Gold fell 15.3 cents to 869.60 dollars per fine ounce.

Latest

Latest