Wednesday, June 27, 2007

Blue Chips Recover as Energy Rises

Blue-chip stocks pared losses on Wednesday after energy stocks, including Exxon Mobil Corp. (NYSE:XOM - News), turned positive on data showing a surprise drop in weekly U.S. gasoline supplies.
The Nasdaq rose, helped by Oracle Corp. (NasdaqGS:ORCL - News) after the world's third-largest software company reported a higher quarterly profit.
The Dow Jones industrial average (DJI:^DJI - News) was down 34.79 points, or 0.26 percent, at 13,302.87. The Standard & Poor's 500 Index (^SPX - News) was down 1.59 points, or 0.11 percent, at 1,491.30. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was up 4.24 points, or 0.16 percent, at 2,578.40.
Published by Reuters

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