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Morning Business Outlook: 2/28

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  • Description

    Markets open at highest level since 2008

  • Duration 1:33
  • Date

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Good morning the market will open at its highest level since the summer of 2008.

The F and 500 tacked on nearly two points yesterday ditto for the NASDAQ.

Meanwhile the Dow Industrials fell -- point still about twenty points shy and ending at thirteen thousand.

Investors cheered an encouraging report on the housing market contracts to buy homes surged to nearly -- two year high.

And oil prices moved to lower crude snapped what had been a seven day winning streak.

Drivers may be in -- TransCanada will start building half of the controversial keystone oil pipeline.

That -- of crude oil from Oklahoma where there's currently significant bottleneck to the gulf of next ago.

The pipe will bring more oil to the market and eventually push down prices at the gas -- A step by USA today finds that Americans are shelling out the smallest amount for sales tax in 45 years.

That's not only because many Internet sites like Amazon.com.

Don't collect sales tax but also because many popular purchases like gym membership housekeeping and tuition bills.

Our sales tax rate.

The average sales tax collected last year was four point 27%.

But water bills are headed out the American waterworks -- -- agents as water bills will triple in some cases as the US drinking water system.

Is -- over the next 25 years and Best Buy has cut the price of Apple's iPad two by fifty bucks just in time.

For the much awaited launch of iPad three.

That's business for more today's top stories log onto foxbusiness.com.

In New York on lines net.

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