New York stocks bounced back modestly on Monday as soaring oil prices boosted energy stocks but the rally was too little, too late to prevent the S&P 500 from registering its worst month since September 2002.
The relentless rise in oil prices has been the scourge of stock markets this month, undercutting investor confidence with the threat of inflation and turning modest gains in April and May into significant losses in June.
Monday, June 30, 2008
As June Ends
FT.com: Wall Street set to end month on dismal note
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