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E-Mail This Story Printer-Friendly Format Oil Rises on Speculation Refiners May Buy More to Meet Demand for Gasoline Factory Orders Probably Rose 3 Percent in May on Surge in Aircraft Orders U.S.

Stock-Index Futures Slip; Shares of Caterpillar and Wal-Mart Decline U.S.

Stock-Index Futures Slip; Caterpillar, Wal-Mart Decline July 5 (Bloomberg) - U.S.

stock-index futures declined as oil rose above $59 a barrel in New York.

Caterpillar Inc.

and Alcoa Inc.

shares slipped in Europe.

Wal-Mart Stores Inc.

dropped as the world's largest retailer announced it will cut jobs in the U.K.

Standard & Poor's 500 Index futures expiring in September lost 3.5 to 1196.50 as of 11:58 a.m.

in London.

Dow Jones Industrial Average futures fell 23 to 10,310, and Nasdaq-100 Index futures dropped 5.5 to 1495.

U.S.

markets were closed yesterday for Independence Day.

The Dow average finished last week with a gain of 0.1 percent, the smallest weekly move since 1996, amid concern about near-record oil prices and the Federal Reserve's suggestion that it will keep raising borrowing costs.

``The price of oil i...

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