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WEDNESDAY, NOVEMBER 25, 2009
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 MARKETS 
1

Dow Rises 41 Points

Traders pessimistic about Google, IBM earnings

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(Newser) – A rally in crude oil lifted shares of energy firms and saved stocks from a tech-driven slump. Oil rose $2.40 to $77.55 a barrel, boosting the likes of Chevron and Exxon. Google and IBM both saw losses as traders bet against the firms ahead of their third-quarter earnings reports. The Dow rose 47 points to close at 10,063. The Nasdaq added 1 point, settling at 2,173, and the S&P 500 gained 4 points to 1,096, reports the Wall Street Journal.

Traders work on the floor of the New York Stock Exchange Thursday, Oct. 15, 2009.
Traders work on the floor of the New York Stock Exchange Thursday, Oct. 15, 2009.   (AP Photo/Richard Drew)
Trader Joseph Marando, foreground, works on the floor of the New York Stock Exchange Thursday, Oct. 15, 2009.
Trader Joseph Marando, foreground, works on the floor of the New York Stock Exchange Thursday, Oct. 15, 2009.   (AP Photo/Richard Drew)
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divetrader
Oct 15, 09 5:29 PM CDT
Is it really any surprise that oil prices have risen? Winter is about to hit the US and we are the largest consumer. Time for the energy companies to start padding their pockets again. Reply
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