Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, September 11, 2007

Oil record

The three major indexes were all up more than 1% on Tuesday, with the Nasdaq making the best surge. Ericsson rose 5.5% after it reported a growing market share and McDonald's gained 3.2% after the fast-food giant said its same-store sales rose 8.1% in August. Crude-oil futures were up 74 cents to settle at a record $78.23, despite the fact that the Organization of Petroleum Exporting Countries(OPEC) agreed to boost its output by 500,000 barrels a day starting Nov. 1. The anticipation continues to build for the Fed's Sept. 18 meeting and I am quite anxious myself. DJIA +180.54 Nasdaq +38.36 S&P 500 +19.79