30 May '11, 1am

USA Daily Bulletin – 27/05/11

Markets were higher across the board throughout a majority of the trading session amidst light trading volume ahead of the extended Memorial Day holiday weekend. Many traders are taking advantage of the holiday and have already headed out for a jump start on the long weekend. It was reported today that U.S. March gasoline use was at its lowest for the month since 2003. The results were possibly due to consumers inability to afford the high price at the pump as well as, drivers car pooling or using other means of public transportation. Pending home sales data didn’t give the markets anything to smile about this morning. The National Association of Realtors’ [NAR] pending home sales index fell 11.6% to a reading of 81.9 in April, from a downwardly revised 92.6 in March. Index in March initially reported to be 94.1. NAR cited unusual weather as well as economic softness but, ...

Full article: http://www.sharesinv.com/articles/2011/05/30/usa-daily-bu...

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