Stocks Up, Oil Moving Up, Coca Cola Fizzles

• May 28, 2008
• David Goodboy

Stock Indexes traded mixed and erratically until a late day surge, led by energy shares, pushed the major indexes into positive territory. The DJIA added +45.68 points to 12594.03, the S&P 500 climbed +5.49 points to 1390.84 and the Nasdaq climbed +5.46 points to 2486.69.

Coca Cola Enterprises
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Exxon
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Expedia Inc.
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Ford
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Oil climbed $1.95 to $130.98 after Morgan Stanley predicted $150.00/barrel Crude. Gold lost $7.80 to 905 and the EUR/USD fell .30 cents to $1.5644.

Market Snapshot

Dow +45.68 12594.03 NASDAQ +5.46 2486.69 S&P 500 +5.49 1390.84

Economic News

Durable Orders (Apr): Actual -0.5%, Consensus -1.5% Chain Deflator-Prel. (Q1): Consensus 2.6%, Prior 2.4% GDP-Prel (Q1): Consensus 0.9%, Prior 0.6% Initial Claims (05/24): Consensus 370K, Prior 365K Crude Inventories (05/24): Consensus NA, Prior -5317K Personal Income (Apr): Consensus 0.2%, Prior 0.3% Personal Spending (Apr): Consensus 0.2%, Prior 0.4% PCE Core Inflation (Apr): Consensus 0.1%, Prior 0.2% Chicago PMI (May): Consensus 48.5%, Prior 48.3% Mich Sentiment-Rev (May): Consensus 59.5, Prior 59.5%