Futures Movers - Crude-oil futures gain in early trade as dollar falls
Oil futures trade higher, rebounding after falling nearly 6% in the
previous session, as the U.S. dollar falls against rivals and
Americans head to the polls to elect their next president.
Australia cuts key interest rate 0.75 point to 5.25%
11/3/2008 10:37:38 PM EDT
Barack Obama's Grandmother Passes Away [4:35 p.m. ET]
Among the companies whose shares are expected to see active trade in
Tuesday's session are Archer Daniels Midland Co., Tenet Healthcare
Corp., and Teradata Corp.
Don't expect the oil market to stabilize immediately after the world
finds out who will become the next U.S. president.
| Dow : 9319.83 down 5.18 | S & P : 966.30 down 2.45 |
| NASDAQ: 1726.33 up 5.38 | Bond (10Y): 3.91%, 100.69
MARKETS:
Stocks struggle ahead of election
Wall Street seesaws after last week's advance as investors consider
weak economic reports and look to Election Day.
Ford posts a 30% drop in U.S. sales for October, blaming "an economic
gauntlet the likes of which haven't been seen in more than two
decades."
ECONOMIC REPORT: BANKS TIGHTEN CREDIT FURTHER, FED SAYS
As fears about the economy grew, banks doing business in the United
States have made it much tougher over the past three months for their
customers to borrow money, the Federal Reserve reports.
CIRCUIT CITY TO SHUT 155 STORES TO PRESERVE CASH AND STAY AFLOAT
Suffering from declining sales, traffic and cash, the electronics
retailer says it's shutting 155 U.S. underperforming stores in a
last-ditch efforts to stay afloat before what some analysts predict
may be an unavoidable bankruptcy.
APPLE CUTTING BACK IPHONE PRODUCTION, ANALYST SAYS
Apple Inc. may be drastically scaling back production of its popular
iPhone for the crucial fourth-quarter shopping season as the economy
slips further into a recession, according to a brokerage report.
