wall st turns in a dismal performance as oil rises, page-4

aust stocks open up to new intraday highs as oil l INDEX MOVEMENT POSITION INDEX MOVEMENT POSITION
All Ords +7.1 4051.1 Dow Jones -25.35 10829.19
S&P/ASX200 +7.1 4049.2 S&P 500 -0.09 1213.45
SPI contract +7 4062.0 Nasdaq -0.19 2177.00
Gold $USoz -7.875 436.00 Nikkei 0 11381.56
$A/USD -.0062 0.7735 NZSE-50 +5.252 3032.331

SYDNEY, Dec 30 AAP - The Australian share market marched higher
at the open to new record intraday highs as oil related stocks
lifted after the price of crude oil jumped back above $US43 a
barrel.
At 1020 AEDT, the benchmark S&P/ASX 200 index was up 7.1 points
to 4049.2 and the all ordinaries rose 7.1 points to 4051.1.
The indexes hit new highs of 4049.9 and 4051.8, respectively.
The previous highs were 4048.6 and 4049.3 set on December 24.
On the Sydney Futures Exchange, the March contract was up seven
points to 4062, a 12.8 point premium to the underlying index, on a
volume of 1,370.
"The market is advancing steadily but in low volume," said Bill
Bishop, private client adviser at ABN AMRO Morgans.
"Resources are up with oil and banks are also healthily ahead."
In New York blue-chip stocks ended lower after the price of
crude oil surged and a weak dollar prompted profit taking.
The Dow Jones industrial average fell 25.35 points to 10,829.19,
the Standard & Poor's 500 index was down 0.09 at 1,213.45, and the
Nasdaq composite index lost 0.19 to 2,177.00.
Crude oil futures moved back above $US43 again higher after the
US Energy Department's latest weekly petroleum inventory report
showed a drop-off in the nation's crude reserves.
Crude oil was at $US43.64, up $US1.87, on the New York
Mercantile Exchange.

Stock Move Price
AMP -0.030 7.210
ANZ Bank +0.050 20.640
BHPBilton +0.060 15.450
CBA +0.070 32.100
NAB +0.080 28.840
NewsCorp +0.050 24.670
Rio Tinto +0.220 39.940
TelstraCp +0.020 4.920
WestpacBk - 19.370