Information processing and software company
(SMG) saw its stock slip 6% to $49.19 after the
The Energy Information Administration reported a surprise 3.4-million barrel increase to crude oil inventories in the week ended June 10. Analysts had been forecasting a decline of 1.9 million barrels, according to a Platts survey.Late Tuesday, the American Petroleum Institute said crude oil supplies fell by 3.03 million barrels last week. The July crude oil contract tumbled $4.19 to $95.18 a barrel. A stronger dollar didn't stop a rise in Gold prices. August delivery gained $5 at $1,531 an ounce. The benchmark 10-year Treasury rose 1 3/32, diluting the yield to 2.976%. . -- Written by Chao Deng and Melinda Peer in New York.