Stocks Continue To Rise Despite High Oil Prices |
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Despite oil prices reaching a new record high above $127, the worst consumer confidence in 28 years and the worst housing starts in individual family homes since 1991, the stock markets finished on a higher note last week. The Dow was up 1.89%; the S&P 500 was up 2.67% and the Nasdaq finished the week up 3.41%. Can this winning streak continue into next week? First let’s look at oil: after President Bush’s begging while visiting Saudi Arabia, the Saudis have agreed to increase oil output
Filed under: Futures
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