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TWM Today: Wall Street

Biz Still On The Go ~ Business activity in the U.S. expanded in March for a sixth straight month, a private report showed. The Institute for Supply Management-Chicago Inc. said today that its business barometer fell to 58.8, lower than anticipated, from a February reading of 62.6 that was the highest since April 2005. Figures greater than 50 signal expansion. Orders placed with U.S. factories rose in February, while inventories and backlogs climbed by the most in more than a year, a Commerce Department report showed today. (Bloomberg)

Oil's 'Sweet Spot' For The Economy ~ Oil prices have done something remarkable over the last half-year or so: they have barely budged.  Economists and government officials say that if prices remain in the $70 to $83 range, it could benefit the world economy, the future security of energy supplies and even the environment. The price is high enough to drive investment in future oil production and in supplies of alternative energy, they note, but low enough that consumers can bear it. (NASDAQ:CNBC)

Oops, Jobs Missed ~ U.S. private employers cut 23,000 jobs in March, missing expectations for an increase in jobs although fewer than the adjusted 24,000 jobs lost in February, according to the data by a private employment service. (Reuters)



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