Stocks and Commodities Up Weds. in Quiet Trading Week
News this quiet Wednesday Morning includes: Courts clear the way for the GM/Fiat deal to move forward. Fed. O.K.'s 10 banks to repay TARP funds and oil closed above $70/barrel. Commodity prices are higher this morning as the U.S. dollar continues under pressure. Data on government energy inventories due out at 10:30 with recent upward revisions in its oil 2009 forecast are lifting oil prices higher.
News this quiet Wednesday Morning includes: Courts clear the way for the GM/Fiat deal to move forward. Fed. O.K.'s 10 banks to repay TARP funds and oil closed above $70/barrel. Commodity prices are higher this morning as the U.S. dollar continues under pressure. Data on government energy inventories due out at 10:30 with recent upward revisions in its oil 2009 forecast are lifting oil prices higher.