Oil tops $98 a barrel; Dow closes above 13,000
CBS News
Transcript
[Music] Wall Street will be focused on oil today crude prices hit a record high topping $98 a barrel Tuesday today investors will be waiting for the government's weekly report on oil stockpiles a big drop in inventories could be enough to send crude above the $100 Mark soaring oil prices and more problems in the morgage market had Wall Street searching for direction Tuesday after wild swings the Dow finished up 50 points and back above the 13,000 Mark the NASDAQ gained a more modest three investors will also be thinking about the upcoming holiday shopping season as we get the latest report on consumer sentiment and earnings news from retailers abian Fitch and the Gap the postal service is reminding Americans about deadlines for sending holiday packages especially for items being sent to the Troops mail going to soldiers in Iraq and Afghanistan must be postmarked by December 4th to arrive in time for Christmas for here in the US you have a little more time officials say packages should be sent by December 15th the Postal Service expects to deliver about 20 billion cards packages and letters between Thanksgiving and Christmas and that's your money watch log on to cbsnews.com for more in New York I'm Alexis christopherus