Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, February 08, 2008

Recession fears linger

Markets had a mixed performance Friday, as recession fears seem to be all the buzz. Tech stocks, lifted by a $1 billion share-buyback plan by Amazon.com, were standouts on an otherwise downbeat day. Crude-oil futures jumped $3.66, to $91.77 a barrel today, as several developments raised concerns about the supply. "If we do get a recession in the U.S. this year, it could cut the oil price significantly" by slashing demand, said analyst Phil Flynn, of Alaron Trading, a Chicago brokerage. Have a safe weekend! DJIA -64.87 Nasdaq +11.82 S&P 500 -5.62