Thursday, February 24, 2011

Does U.S Will Suffer More Losses in Stock Market?

NEW YORK (MarketWatch) -- U.S. stocks stumbled Wednesday, extending the biggest one-day loss so far this year, as oil neared $98 a barrel and technology titan Hewlett-Packard Co. projected slower growth this year.

The losses continued after a report showing existing home sales rose to 5.36 million in January from 5.22 million in December.
Kate Gibson is a reporter for MarketWatch, based in New York.

Libyan crisis rocks oil markets

Oil markets will closely watch Libya today after Tuesday's events pushed the price of a barrel of oil to the highest level in two years. The News Hub also looks at disappointing HP earnings and new life in the U.S. commercial real estate market.

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