Sideways - Oil Up
The DOW gained 17 and the S&P gained almost 1 point on Friday at 4 p.m. EST.
It all ended up being another sideways market session.
The GDP news is the days clincher. With the second quarter GDP numbers being slightly better than expected, Wall Street went with guarded optimism. The market rallied for most of the day then leveled out late in the noon.
Just looking around briefly, energy was at the center of the gains.
It all ended up being another sideways market session.
The GDP news is the days clincher. With the second quarter GDP numbers being slightly better than expected, Wall Street went with guarded optimism. The market rallied for most of the day then leveled out late in the noon.
Just looking around briefly, energy was at the center of the gains.
Oil rose 3.75 percent on Friday after data showed the U.S. economy shrunk less than expected in the second quarter, raising hopes the recession was easing.
U.S. light crude traded up $2.51 to settle at $69.45 a barrel...source
posted by Sande at
4:19 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
Links to this post:
Create a Link
<< Home