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EUN Index trumps national markets: energy companies outperform other sectors.(MARKETPLACE AND DATA: STATISTICS, TRENDS & ENERGY DATA)

Energy User News

| April 01, 2005 | Crabtree, Margot | COPYRIGHT 2005 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Rising prices and the threat of inflation dampened the major markets this session, despite robust merger and acquisitions activity. Uncertainty in the pharmaceutical sector further pressured Wall Street. A Commerce Department report on consumer income and spending showed that spending was flat in the first month of the year, and though personal income dropped less than expected in January, core consumer prices rose 0.3%, the fastest rate in three years.

"There's a lot that lies ahead. As a result, a lot of investors are just sort of watching to see how the economic numbers unfold and see what Alan Greenspan says," said Hugh Johnson, chairman and chief investment ...

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