This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nasdaq Leads Market Higher

The Mortgage Bankers Association's Market Composite Index, which measures mortgage loan-application volume , increased by a seasonally adjusted 0.5% last week.

The Energy Information Administration's weekly inventory report revealed better-than-expected supply levels in the week ended March 5. Crude stockpiles added 1.4 million barrels, which was lower than the 2.1-million barrel build that analysts polled by Platts had been expecting. Gasoline stocks lost 2.9 million barrels, and distillates shed 2.2 million barrels. Analysts had been looking for a decline of 338,000 barrels to gasoline stocks and distillates supplies that were lower by 950,000 barrels.

Late Tuesday, the American Petroleum Institute reported a build of 6.5 million barrels in crude inventories for the week ended March 5.

The dollar was trading lower against a basket of currencies, with the dollar index down by 0.2%.

In commodities markets, crude oil for April delivery settled at $82.09 a barrel after adding 60 cents, and the April gold contract lost $14.20 to settle at $1,108.10 an ounce.

Overseas, Hong Kong's Hang Seng was unchanged, and Japan's Nikkei slipped 0.04%. The FTSE in London rose 0.7%, and the DAX in Frankfurt gained 0.9%.

-- Written by Melinda Peer and Sung Moss in New York.

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ABT $47.18 1.20%
BAC $15.58 0.10%
BCS $15.37 0.26%
C $53.14 -0.11%
GOOG $536.10 0.13%

Markets

DOW 18,050.88 +15.95 0.09%
S&P 500 2,107.69 +7.29 0.35%
NASDAQ 5,021.1010 +26.4990 0.53%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs