Off the session lows, giving up all of the gains that we saw earlier. The turnaround started around 10 30 when the u. S. Crude inventory numbers came out. It has been up and down for the markets. The s p 500 is in the negative down. 25 . It was positive for most of the day. The dow is raising its positive number, up about. 10 . Of s p 500 p materials are the biggest leader, up i 3. 3 . This is because of talks of the potential merger between dow and dewpoint. The biggest percent gainers. Energy is higher, number two. Up by about 1. 5 . Utilities are up by. 5 . Let me get rid of the appointment reminder. Lets take a look at crude, it is trading lower right now. Down by. 3 . It spiked at 10 30. That was when the crude data numbers came out showing inventory fell by 3. 6 Million Barrels a week. Yesterday, we saw oil hit lows not seen since february, 2009. We are on track to continue the decline. Alix the huge built in distal it 5 Million Barrels . This is a different capacity. You also me
Cap off the best quarter since 2004. We have a labor market improving. Gasoline prices which remain low. The number coming in at 93. This is university of michigans confidence reading. 95. 4 is where it was in february. The average from january through march was the highest we have seen ends the Third Quarter of 2004. If you look at the various components within confidence you want to look at the Inflation Expectations in particular. It looks like Inflation Expectations over the next year remaining at 3 , which is what economists had predicted. We will continue to look through these numbers. Overall, not seeing as much of a drop in the confidence number as had been anticipated. Matt thanks very much. Breaking the march news, the Consumer Confidence number they are at 93. Number there at 93. The top business stories of the morning. Big news out of washington. The most powerful democrat in washington will retire. Harry reid will not seek reelection. He has been the democratic leader for
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