U.S. STOCKS FALL AS HOUSING DATA OVERSHADOW DURABLE GOODS As a drop in pending home sales overshadowed a rise in durable- goods orders while investors watched earnings. The S&P 500 (SPX) fell 0.2 percent to 1,500.18 at 4 p.m. in New York. The equity benchmark closed above 1,500 last week for the first time since December 2007 after an eight-day rally. The Dow Jones Industrial Average lost 14.05 points, or 0.1 percent, to 13,881.93 today. A separate report showed orders for durable goods in the U.S. rose 4.6 percent in December after a 0.7 percent gain the prior month. The median forecast of 76 economists surveyed by Bloomberg called for a 2 percent gain.
Oil Trades Near Four-Month High as OPEC Sees No Price Collapse After orders for durable goods in the U.S. jumped and OPEC Secretary-General Abdalla El-Badri said crude prices are unlikely to drop this year. Crude for March delivery was at $96.50 a barrel, up 6 cents, in electronic trading on the New York Mercantile Exchange at 10:45 a.m. Sydney time. The average volume of all contracts traded was 50 percent below the 100-day average. Futures rose to $96.44 yesterday, the highest since Sept. 17.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....