Monday, December 29, 2008

U.S. stocks fall as rising oil prices pressure consumer stocks

Date: Mon, 29 Dec 2008 17:01:29 -0500

U.S. stocks fall as rising oil prices pressure consumer stocks

Rising oil prices pressured consumer-related stocks, while investors
ditched some of their worst-performing financial stocks in the final
week of 2008.

U.S. BLAMES HAMAS FOR MIDDLE EAST VIOLENCE

For a third day, Israeli air forces strike targets linked to militant group
Hamas in the Gaza Strip Monday, bringing the death toll to more than 300,
according to a BBC report.

FUTURES MOVERS: OIL FUTURES RALLY AS ISRAELI AIR RAIDS IN GAZA CONTINUE

Crude-oil futures pare their early strong gains as Israel kept up its
air raids in the Gaza Strip, raising fears that escalating
geopolitical tensions could lead to a disruption of oil supplies from
the Middle East.

BOND REPORT: TREASURYS UP AS FLIGHT TO SAFETY RESUMES AFTER GAZA FIGHTING

Treasurys higher pushing short-term yields down by the most in almost
two months, as investors seek the safety of U.S. government debt.

REAL ESTATE: FOUR REFINANCING STRATEGIES FOR TODAY'S LOW-INTEREST-RATE CLIMATE

Lured by low mortgage rates, many homeowners have been rushing to
refinance. Interest is gaining for good reason: Eligible borrowers can
lock in rates that
haven't been this attractive in decades.

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