ForexNewsMarket.com 5/12/2009 News
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5/12/2009 News
Stocks Fall For Second Day
Stocks fell for a second day today on information regarding banks & the auto industry. After a two month rally, stocks have seen losses the past two days. Although it may seem like a negative economic indicator, the losses are most likely a natural fluctuation in the markets.
Oil Prices Rising Again
As the price per barrel begins to rise again to levels not seen since November 2008, there is a debate whether the rise is positive or negative news for the economy.
The rising prices indicate a rise in overall economic health and oil demand, but higher prices at the pump could put a dent in consumer's wallets, as $4/gallon prices are still fresh in everyone's minds.