Rising oil prices dampen markets
Article Abstract:
Investors stock dropped due to the rise in the crude oil prices by $55 a barrel and tepid earnings from Microsoft Corp. and the Coca-Cola Co. offset Google Inc.'s strong third-quarter of 2004 report. Oil prices pressured the market that created doubt on fourth-quarter earnings and on the economy as a whole.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Investors' positive focus aids markets
Article Abstract:
High oil prices brought down the indexes in the stock market deeply because of the queries regarding the rising business expenses and falling consumer spending. The oil prices remained volatile even though increased conflicts in Nigeria forced several companies to shut down production and evacuate workers.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Oil-price, consumer-confidence data restrain stocks
Article Abstract:
Increase in oil prices and a drop in consumer confidence has resulted in the stock prices remaining low in the US. The overall consumer confidence levels have softened in August 2004, and are expected to decline further with rise in oil prices, creation of fewer jobs and decrease in stock prices.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Comment about this article or add new information about this topic:
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