Stock Watch: Dow Index Up a Bit Prior to Federal Reserve Meeting; Increase in Crude Oil Futures Adds to Anxiety About Interest Rate Hike
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Summary
NEW YORK Stocks finished an uncertain session modestly higher Monday despite a sharp rise in crude oil prices and unease over the Federal Reserve's upcoming meeting.
Crude futures rallied in afternoon trading, reversing last week's trend and adding to worries about high energy prices as the summer driving season approaches. A barrel of light crude settled at $50.92, up $1.20, on the New York Mercantile Exchange.See the full content of this document
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Stock Watch: Dow Index Up a Bit Prior to Federal Reserve Meeting; Increase in Crude Oil Futures Adds to Anxiety About Interest Rate Hike
The Fed's Open Market Committee was expected to raise the nation's benchmark rate by a quarter percentage point to 3 perce...
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