Late Market Roundup

Crude-oil futures rebounded today from a 5-week low to reach the $76-per-barrel level. The rise in futures was driven by weakness in the US dollar, along with a rise in the stocks. Crude for September delivery rose 1.1% to $76.06 per barrel on the New York Mercantile Exchange (NYMEX). Shares of PMI Group Inc PMI surged about 14% after Paulson & Co disclosed its stake in the company. In a regulatory filing, Paulson has revealed its stake of 5 million shares of PMI at the end of June. As per the regulatory filing, Paulson also increased its stake in Hartford Financial Services HIG during Q2. HIG’s shares also jumped about 4%. Gold futures moved up today due to a weak US dollar. Gold was fluctuating earlier, after a higher-than-expected rise in the US industrial production. Gold for December delivery gained 0.1% to $1,227.60 an ounce on the Comex division of the New York Mercantile Exchange (NYMEX). Scott Meyers, a senior trading analyst with Pioneer Futures, a division of MF Global, in New York said, "Everything about this market is looking up." Treasury prices dipped following a rise in share prices. The Treasury prices moved down after the first formal purchase of US Treasury debt by the Federal Reserve. It purchased $2.551 billion in bonds. The reports showing a rise in the US housing starts and wholesale in July also exerted pressure on the Treasury prices. Yields on 10-year notes rose 2.29% today after reaching their lowest level since March 2009. Read more from Benzinga's Markets.