U.S. stocks trade all but flat; energy gains offset auto jitters
U.S. stocks rebound from early weakness to flirt with positive
territory , with energy stocks rising as crude-oil prices surge
another 7% on a weak dollar and expectations of upcoming production
cuts. GM and Ford shares are back on the defensive.
FATE OF AID TO BIG THREE AUTOMAKERS RESTS IN SENATE
Senators begin considering a $14 billion package of emergency loans to
the Big Three automakers, as Republicans in the chamber threaten to
block the bill a day after the House approved the aid.
MORTGAGES: 30-YEAR FIXED-RATE IS LOWEST SINCE MARCH 2004: FREDDIE MAC
Rates on fixed-rate mortgages fell again this week, bringing the
30-year fixed-rate to its lowest level in more than four years,
according to Freddie Mac's weekly survey.
FUTURES MOVERS: CRUDE-OIL FUTURES SOAR 8%, EXTENDING RALLY
Oil futures extend their rally on rising expectations that the
Organization of Petroleum Exporting Countries will cut production at
its meeting next week.
CURRENCIES: DOLLAR FALLS SHARPLY ON GRIM ECONOMIC DATA
The British pound rebounds slightly versus the euro Thursday, a day
after tumbling to another record low against the single currency amid
aggressive monetary and fiscal easing by U.K. authorities
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