1. An Enron spokesman said company traders attributed the drop to concerns about the SEC investigation and the outcome of the merger talks with Dynegy. 2. After a surge Thursday that traders attributed mostly to gains in U.S. stocks, the market headed back into the doldrums. 3. Japanese stocks posted strong advances for the day, which traders attributed to lower interest rates in the United States and renewed hope for an uptick in technology sales. 4. Most traders attributed the rise in heating oil to higher crude prices rather than to forecasts of a late winter cold snap in the northeastern U.S. later this week. 5. Some traders attributed the gains to optimism that worldwide demand is strong enough and inventories lean enough to absorb the oil. 6. Some traders attributed the six-month decline in exchange inventories last year to increased demand from photographic film makers and jewelry manufacturers. 7. Some traders attributed the decline in gasoline prices to an industry report that showed U.S. gasoline inventories rose more than analysts expected last week. 8. Soybean and corn exports also were lower than expected, although several traders attributed that to weak holiday demand. 9. The drop in heating oil thwarted an earlier rally in crude oil prices that some traders attributed to renewed tensions in between the U.S. and Iraq. 10. Traders attributed strength to technical action and a rebound from recent oversold conditions because there was no new export business to boost the market. |