Oil prices fell on an unexpected rise in US oil inventories, which pushed the West Texas Intermediate contract briefly below the $100-a-barrel mark.
Archive for December 7th, 2011
Large banks rallied to dig the financial sector out of a hole Wednesday.
Hopes the euro zone will figure out a solution to its ongoing debt crisis inspired enough buying to push stocks to a third day of gains on Wednesday in light trading.
Energy sector retreats as crude oil prices move down.
Shares of consumer staples companies were up 5.3%, compared with a 3.3% drop for the S&P 500.
U.S. stocks closedly moderately higher Wednesday, again rolled by a late-session report relating to a possible Europe rescue that sent stocks to session highs before gains defused in the final minutes.
U.S. stocks rose to Wednesday highs on another report related to Europe. The Dow Jones Industrial Average rose 83.32 points to 12,233.45. The S&P 500 added 5.87 points to 1,264.34. The Nasdaq Composite rose 5.15 points to 2,654.69.