Friday, December 03, 2004

Friday's Action Mixed

Stocks were uneven Friday as investors greeted a fourth consecutive drop in oil prices, but grew more concerned about the health of the economy after a less than sexy job creation report.Crude oil futures continued their decline, remaining below the $43-per-barrel mark for the first time in close to 3 months. A barrel of light crude sat at $42.70, down 55 cents. Investors hoped that a continued drop in oil prices would help fuel the economy, which has been weighed down by exorbitant energy costs.Tech stocks gained traction after Intel Corp.'s bullish mid-quarter update, The semiconductor king said its revenues would be substantially higher than Wall Street expected. Intel surged 6%

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