Summary
NEW YORK -- Stocks fluctuated before closing modestly higher Monday as oil prices neared $66 a barrel despite lower-than- expected damage estimates from Hurricane Rita.
Wall Street made a strong early advance on reports that key petroleum facilities along the Texas coastline escaped the storm with relatively less damage than during Hurricane Katrina, while investors also welcomed new data showing August sales of pre-owned homes reached their second-highest level ever.See the full content of this document
Extract
Stocks Close Higher Despite Rising Oil and Gas Prices
Volatile afternoon energy trading briefly led stocks into negative territory...
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