Five Things for Monday
Posted by Jordan Crouch on April 21, 2008
- Crude oil price spikes to $117 a barrel today after it is reported that a Japanese oil tanker is attacked off the coast of Yemen. (I’m not making this up). Crude continues to climb after surpassing the $100 per barrel mark earlier this year.
- Bank of America’s quarterly report was lower than expected this morning dragging the bank’s stock price and the market down accordingly.
- The interest rate on a 10-Year Treasury bill is climbing, up 25 basis points from last Monday. The yield is near the highs of February, which was the highest yet for the T-bill this year.
- No major economic data coming out this week. Look for earnings reports from AT&T, Microsoft, Apple, Delta and others in the next few days. Depending on how the reports turn out, the market will likely follow.
- Two Saturdays ago it was a sunny 70 degrees. Last Saturday I had two inches of snow on my lawn! What is up with this weather?
