Thebullishtrends: U.S Stocks gained in the opening session after the Govt report confirmed that the personal spending fell in Feb'08 to its weakest level in one and half year time but the personal income rose more than expected but it failed to hold gains stocks flat as the market await for the first quarter results. In the basket of 30 blue chip companies 14 stocks are trading in higher levels. As per the Michigan/Reuters report, consumers confidence falling to its lowest level since 1992, the final out come of the survey is " a recession has occurred".J.P Morgan up by 1.5% (43.37 +0.62 +1.5%). Departmental store company J.C Penny has warned that first-quarter results will not meet forecasts. Citi group upgraded the recommendation for Lehman Brother stock from Hold to Buy, the report said Lehman Brother stock now attractively valued in current levels. Technology stock Accenture (34.32 -1.15 -3.2%) share price declined after the company announced that a profit rise 37% for the second quarter.
Crude oil futures down as compared to earlier session on the news that a key export oil pipeline in Iraq had been damage. Crude oil prices for May delivery down by $ 2.29 to $ 105.29 per barrel and another side Gold futures were dropped with the contract of April'08 delivery fall by $ 22.2 to $ 925.6. Gold hit all time high of $ 1,033.90 an ounce in the last week.
(Trading continues in U.S exchanges)
