This morning saw the Dow and most of the market down primarily on news that Iraq will be restricting oil exports and profit warnings from IBM.
Based on the Iraq news North Sea Brent crude oil was up approximately 4% this morning. However, smart money is on prices at the pumps rising substantially above 4% with some middle man pocketing the difference.
Overall the market is still off with technology stock mixed and financials (more specifically banks) generally up (go figure
).
[ 04-08-2002, 02:39 PM: Message edited by: onthepequod ]