Oil price rise a cloud on Wall Street&#39;s happiness on results
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US STOCKS vacillated yesterday as rising oil prices muted Wall Streetâs excitement over strong results from Lehman Brothers and Sprintâs $35 billion acquisition of Nextel Communications.
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U.S. stocks edged higher on Friday as a strong jobs report outweighed a weaker-than-expected reading of consumer sentiment, while a jump in oil prices boosted shares of energy companies.
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NEW YORK - Investors sent stocks modestly higher Friday, embracing a sluggish gross domestic product reading that was nonetheless better than expected, hoping that falling oil prices would help spur the economy. The major indexes all finished the week higher...
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US stocks were higher on Monday, as investors were optimistic that corporate earnings reports may come in better than expected, but relentlessly high crude oil prices reined in advances.
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Stocks rose at the open on Tuesday, underpinned by gains in energy shares, such as Exxon Mobil , on higher oil prices.
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Stocks edged higher Friday as another drop in oil prices helped Wall Street withstand the effects of a disappointing jobs creation report.
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NEW YORK - A drop in oil prices and reassuring words from the Federal Reserve sent stocks higher Monday, raising hopes that Wall Street would be able to extend its recent rally.    Investors were cheered by a dip in oil prices, which backed off the $50 per barrel mark at Friday's close of trading...
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Oil prices climbed toward $47 a barrel  on Thursday after bullish fuel stocks data in the United States  and a series of production hitches across the globe.
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NEW YORK : World oil prices rose on Wednesday as traders reacted coolly to news of a rise in US commercial energy reserves, sweating instead about an OPEC gathering in Cairo this week.
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NEW YORK - Stocks were mixed Tuesday as oil prices climbed close to $51 per barrel and investors worried that rising energy costs would dampen a widely expected fourth quarter rally.    Wall Street was uneasy but not panicky as a barrel of light crude was quoted at $50.63, up 72 cents, on the New York Mercantile Exchange...
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Oil prices climbed toward &#36;47 a barrel on Thursday after bullish fuel stocks data in the United States and a series of production hitches across the globe rekindled worries of a major supply disruption.
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Oil jumped to near $91 a barrel on  Friday, lifted by a broad stock market rally amid optimism  about a U.S. economic stimulus plan aimed at warding off a  recession in the world's top energy consumer.
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A sharp drop in oil prices led to a modest rally on Wall Street yesterday, with stocks edging higher on news that oil production had soared during the month of September.
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NEW YORK, Oct. 27 (XinhuaNET) -- Wall Street stocks extended theirrally Wednesday as investors expressed relief over falling oil prices and a strong economic report.
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NEW YORK - Another jump in oil prices pre-empted a strong rally on Wall Street Tuesday, though stocks managed to post modest gains on the strength of a consumer price report that put many investors' inflation fears to rest for the near term.    The three major indexes all finished the session higher, showing resiliency in the face of a new record high in oil futures fueled by continuing problems for Russian oil giant Yukos...
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U.S. stocks traded slightly higher on  Friday, even as oil flirted near the $50-per-barrel mark,  suggesting that investors were snatching up beaten-down shares  and growing confident that oil prices may be leveling off.
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Stocks rose on Thursday as a gain of more than $1 a barrel in oil prices boosted shares of energy companies, including Exxon Mobil Corp. , offsetting disappointment over profit reports from Bear Stearns  and Goldman Sachs .