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MARKET MOVEMENTS: Brent crude oil is down 0.4% at $79.35 a barrel. European benchmark gas is up 5.2% at EUR35.25 a megawatt-hour. Gold futures are down. ....
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Brenda buttner with more on the story. hi, brenda. you might think wall street wasn t watching the world. all the headlines and wall street goes up? the dow its best week since july. the broad market, the nasdaq, all three u.s. measures made up with the losses during the previous week with japan s radiation scare. since the protests erupted in egypt the dow was up 2%. you might ask what would happen on wall street with good news? put this in perspective. the number of buyers and sellers was very light on friday and stocks have gone very far very fast. since the current bull started running two years ago, stocks have about doubled in value. it would be a fall of 10% would not be surprising. then there are the head winds the market faces. oil heading higher. who knows where the mid east fighting will take it. here at home that means more than gas is going higher, too. ....