- Wall Street capped a volatile session with gains, although off the best levels of the day. The Dow rose 77 points to 9,789. The S&P was up 7 and the Nasdaq added 4 points. Stock futures point to losses today on Wall Street.
- World stock markets are lower today. Asian markets fell and European stocks lost ground in early trade. Improvement in U.S. manufacturing didn't override lingering doubts about the durability of a rebound in the world's largest economy.
- Oil prices are around $78 a barrel today in Asia. Investors welcomed new U.S. manufacturing and construction figures as positive signs of an economic recovery. Crude investors were encouraged by signs of strength in the U.S. economy, which could help boost oil demand.
- On today's economic calendar, the Commerce Department releases factory orders for September. Also, the Federal Reserve begins a two-day policy setting session.
- Holiday travel costs are up. Most of the largest U.S. airlines have increased a surcharge for travel on the busiest travel days to $20 each way, up from $10. Tom Parsons, who runs the discount travel site Bestfares.com, says it's part of a clear trend in airline pricing, given airline downsizing, increased fuel costs and financial losses.
11/03/2009 7:29 AM
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