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If you haven't noticed the surging price of oil at the pump or the surging prices of your electric bills, maybe oil at $124.00 and higher per barrel will catch your eyes. Maybe proposing higher margin limits on oil futures trading isn't such a bad idea after all.

Despite this, retail sales managed to come in better than most were expecting... even if you can chalk that up to an extra day because of Easter in March. Jobless claims also fell by 18,000 from last week to about 365,000. Below are the unofficial closing levels for the major US index levels:
  • DJIA 12,867.27 (+52.92; +0.41%)
  • S&P500 1,397.60 (+5.03; +0.36%)
  • NASDAQ 2,451.49 (+13.00; +0.53%)
  • 10YR-TBond 3.805% (-0.062%)
  • 52-WEEK LOWS
  • Top Analyst Calls
Barr Phrarmaceuticals, Inc. (NYSE: BRL) was the drug company blow-up today. The company missed earnings estimates and lowered guidance. As the company is a generic drug giant, does this mean people are going off their meds? Shares tanked by 22% to $38.28 in the final minutes today.

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Closing Bell: Masked retail numbers trump $124 oil originally appeared on BloggingStocks on Thu, 08 May 2008 16:15:00 EST. Please see our terms for use of feeds.

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