1. Auto, furniture and industrial machinery inventories posted declines, as did a variety of nondurable goods like farm products, petroleum and pharmaceuticals. 2. Clothing inventories also posted a large gain. 3. Coffee jumped after exchange inventories posted a surprisingly large drop, renewing concern that supplies will stay tight during the weeks ahead. 4. Clothing inventories also posted a large gain during April. 5. Crude and heating oil prices rose in the wake of a report showing U.S. inventories posted surprising declines last week. 6. Expectations that the American Gas Association will report that U.S. natural gas inventories posted a large drop last week also boosted prices, traders said. 7. U.S. wholesale inventories posted the largest decline in almost a decade in December, Commerce Department figures showed today. |