Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, September 12, 2007

Stocks stay steady

There was not much change in the major indexes Wednesday. The market will continue "to be driven by rates and headline news coming out of the subprime sector" over the next week, said Jim Herrick, head trader at Robert W. Baird. Crude-oil futures ended trading up $1.68 at a record settlement price of $79.91. Energy stocks, and those affected by oil prices, were big movers on the day. ConocoPhillips gained 1.6%, while Tesoro Petroleum was up 2%. DJIA -16.74 Nasdaq -5.40 S&P 500 +0.07