The Dow Jones industrial average is on its longest winning streak in 16 years. It notched its ninth gain in a row yesterday, climbing five points, or 0.04 percent, to close at 14,455. The S&P 500 index finished up two points to 1,554 and the Nasdaq composite edged up nearly three points.
- Oil prices were pushed lower today by higher-than-expected U.S. crude inventories and disappointing industrial production in Europe. Benchmark oil for April delivery was down 24 cents to $92.28 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 2 cents to close $92.52 on the Nymex yesterday.
- There's important news on the jobs front today. The government reports the weekly jobless claims number. The Labor Department also releases its Producer Price Index for February. Other data set for release today: The government's current account trade measure for the fourth quarter and Freddie Mac's weekly mortgage rate report.
- New data show foreclosures are easing amid a resurgent housing market, rising home prices and efforts by some states to buy homeowners more time to avoid losing their homes. RealtyTrac says the number of homes repossessed by lenders last month fell 11 percent from January and declined 29 percent from February last year.
- Honda is recalling nearly 250,000 vehicles worldwide for brakes that can suddenly kick in even when the driver isn't braking. No crashes have been reported related to the defect. Honda Motor Co. said today it was recalling more than 183,000 vehicles in the U.S., including the Acura RL, Acura MDX and Pilot models. More than 56,000 vehicles were recalled in Japan, affecting the Odyssey, Legend, StepWgn and Elysion models.