Monday, June 18, 2007

U.S. Stocks Little Changed as Higher Oil Lifts Shares of Energy Producers

(Bloomberg) -- Energy producers rallied after the
price of crude oil climbed to a nine-month high, while an
advance in bond yields sparked a retreat in utilities and
financial companies.

Chevron Corp. and Exxon Mobil Corp. rose after crude
climbed on concern U.S. refiners aren't keeping up with
increased gasoline demand. Exelon Corp. and Dominion Resources
Inc. led shares of utilities lower as higher returns on bonds
make their dividends less appealing.


Read more at Bloomberg Stocks News

No comments: