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SUNDAY, NOVEMBER 22, 2009
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 MARKET OPEN 
2

Stocks, Oil Jump Together

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(Newser) – Stocks jumped at the open today, with the Dow up 61 points, the Nasdaq adding 0.5%, and the S&P gaining 0.7%, powered by strong moves in its energy and basic materials sectors. That was due in part to the surge in fuel prices, with oil clearing $71 a barrel. Chevron and Exxon Mobil each rose 1%. Shares in industrial companies also climbed, with Caterpillar up 1.3%. If it holds, the Dow's move will put it in positive territory for the year.

Traders work on the floor of the New York Stock Exchange Thursday, May 14, 2009.
Traders work on the floor of the New York Stock Exchange Thursday, May 14, 2009.   (AP Photo/Richard Drew)
Traders visit the post that handles Bank of America on the floor of the New York Stock Exchange Monday, May 4, 2009.
Traders visit the post that handles Bank of America on the floor of the New York Stock Exchange Monday, May 4, 2009.   (AP Photo/Richard Drew)
Traders work on the floor of the New York Stock Exchange Monday, June 1, 2009.
Traders work on the floor of the New York Stock Exchange Monday, June 1, 2009.   (AP Photo/Richard Drew)
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TerrifiedCitizen
Jun 10, 09 8:59 AM CDT
Let's see; oil goes up if there's the slightest chance that a refinery will be shut down and reduce capacity. Then oil goes up again if there's excess capacity and there's going to be too much oil on the market. Are our leaders allowing the rape of America in exchange for political contributions? Okay, what are you going to do about it? Reply
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SPH
Jun 10, 09 5:29 PM CDT
Just a guess...Stop using oil?......
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