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U.S. Energy Stocks Weakness
added: 2007-07-18

The Dow Jones Industrials closed at a record on Tuesday, though retreating from the 14,000 mark it earlier crossed for the first time.

The Nasdaq rose to a six-and-a-half-year high on a cascade of stronger-than-expected earnings. But weakness in energy stocks and lingering worries about the subprime mortgage market held back the advance of the broader S&P 500, which closed virtually unchanged.

In economic news, the producer price index - a gauge of prices paid at the farm gate and factory door-declined by 0.2 per cent last month after shooting up by 0.9 per cent in May, the first decline since January. But after stripping out volatile food and energy costs, core prices in June climbed 0.3 per cent after gaining 0.2 percent in May.

Let's take a look at the numbers, The Dow Jones Industrials climbed 21 points closing at 13,972; the S&P500 was flat ending at 1,549, and the Nasdaq gained 15 points to finish at 2,712.


Source: ACN Network

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