Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, November 06, 2007

Will oil break $100?

The Dow was in and out of negative territory much throughout Tuesday, but finished with a nice surge. All 3 major indexes gained around 1%. There is talk that the Nasdaq Stock Market is close to buying Philadelphia Stock Exchange for more than $600 million. Financials continued to perform poorly, led by Citigroup which fell another 2.3%. Crude-oil futures settles at $96.70 a barrel, posting a $2.72 gain today. DJIA +117.54 Nasdaq +30.00 S&P 500 +18.10