Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, January 16, 2008

Stocks seesaw

Wednesday consisted of a back-and-forth session in which investors digested mixed news about corporate profits, oil, and the economy. Crude-oil futures are down to $90.75 a barrel, after dropping $1.15 today. "Considering that oil was near $100 not too long ago, this is a big move," said trader Stephen Carl, of Williams Capital Group, a New York investment bank. "At the same time, we're seeing a mixed (stock) market because people aren't too sure what to expect from the economy." DJIA -34.95 Nasdaq -23.00 S&P 500 -7.75