Rising oil prices dampen markets

Article Abstract:

Investors stock dropped due to the rise in the crude oil prices by $55 a barrel and tepid earnings from Microsoft Corp. and the Coca-Cola Co. offset Google Inc.'s strong third-quarter of 2004 report. Oil prices pressured the market that created doubt on fourth-quarter earnings and on the economy as a whole.

United States economic conditions

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Investors' positive focus aids markets

Article Abstract:

High oil prices brought down the indexes in the stock market deeply because of the queries regarding the rising business expenses and falling consumer spending. The oil prices remained volatile even though increased conflicts in Nigeria forced several companies to shut down production and evacuate workers.

Consumer Expenditures, Private Households, Pennsylvania, Stationery stores, Consumer Exp-Stationery,Writing Suppl, Consumer Expend-Food & Tobacco, Consumer Expend-Health & Recreation, Consumer Expend-Reading & Recreation, Consumer spending

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Oil-price, consumer-confidence data restrain stocks

Article Abstract:

Increase in oil prices and a drop in consumer confidence has resulted in the stock prices remaining low in the US. The overall consumer confidence levels have softened in August 2004, and are expected to decline further with rise in oil prices, creation of fewer jobs and decrease in stock prices.

Analysis, Stocks, Consumer confidence, Stock prices

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