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Crude Over $55 On Talk Of $105
1May crude rose to $56.10, closing up $1.41 to $55.40 a barrel, after Goldman Sachs warned oil could reach $105 due to resilient demand. It had said oil could hit $80 in a "super spike." April heating oil and gasoline oil contracts, which expired Thursday, both surged to record highs. May futures rose even higher. More on B13
Market Ends Ugly Quarter Lower
2 The Nasdaq fell 0.3%, the Dow 0.4%, the S&P 500 and 600 less than 0.1% each as volume swelled. In Q1, the Dow and S&P 500 slid 2.6%, the Nasdaq 8.1%, the small-cap S&P 600 2.4%. Rising oil prices hurt the market but boosted energy stocks. The 10-year Treasury yield fell to 4.49% on eased inflation fears. More on this page, B2
Jobless Claims Jump To 350,000
3They rose 20,000 last week to their highest since the Jan. 8 week. The 4-week average rose 8,500 to 336,000, a 2-month peak. But continuing claims fell to a 4-year low. Monster Worldwide's online jobs index shot up in March. The Feb. help-wanted index held at a 2-year high. Economists expect Fri.'s March jobs report to show payrolls rose 225,000. More on this page
Inflation Report Soothes Fears