Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, January 23, 2007

Anxiously Awaiting

Investors loaded up on crude oil today, in preparation for the State of the Union Address tonight. The President is expected to ask Congress for an increase in the nation's petroleum reserve, which would mean a crude oil buying binge for the U.S. goverment. As a result, crude oil ended the day at a whopping $55.04 a barrel. Sun Microsystems has a new face on their board. Private equity firm KKR made a $7 million investment in the server maker, making Sun's shares jump 8.5% after trading hours. Yahoo was the other big winner today. The internet giant reported a 13% increase in revenue, thanks to an upgrade in its online advertising system. DJIA: +56.64 Nasdaq: +0.34 S&P 500: +5.04