Herbert Lash Reuters
International Herald Tribune
05-14-2008
Oil rises and stocks slip; write-downs continue MARKET ROUNDUP
Byline: Herbert Lash Reuters
Edition: 4
Section: FINANCE/BUSINESS

NEW YORK --

Oil prices jumped to a record near $126 a barrel and stock markets slipped Tuesday as bank write-downs raised concerns in Europe and Wal-Mart's cautious outlook pointed to a tough U.S. economic environment.

The slide in stocks overshadowed earlier optimism after a U.S. government report showed surprising strength in April retail sales, excluding the hard-pressed automotive sector.
U.S. Treasury debt prices fell because the retail sales data hinted that economic weakness in the United States ...