Monday, July 16, 2007

U.S. Stock-Index Futures Decline as Oil Rises; SanDisk, Dow Jones Retreat

(Bloomberg) -- U.S. stock-index futures fell after
oil rose above $74 a barrel, spurring concern that higher fuel
prices may hamper consumer spending and corporate profits.

SanDisk Corp., the world's largest maker of flash-memory
cards, declined after UBS AG downgraded the shares. Dow Jones &
Co. retreated after the Wall Street Journal reported that a
member of the publisher's controlling family is trying to block
its' sale to Rupert Murdoch's News Corp.


Read more at Bloomberg Stocks News

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