(Bloomberg) -- U.S. stock indexes were little changed
as investors weighed the divergent effects of a surge in oil
prices. Energy producers led gains, while consumer-products
companies declined.
Chevron Corp., the largest refiner in the western U.S., led
oil-related shares in the Standard & Poor's 500 Index to a
record, buoyed by higher crude prices and the $6.5 billion sale
of Dominion Resources Inc.'s onshore oil and gas properties.
Procter & Gamble Co. and Avon Products Inc. dropped and a measure
of consumer-products shares had the steepest retreat among 24
industries in the S&P 500.
Read more at Bloomberg Stocks News
as investors weighed the divergent effects of a surge in oil
prices. Energy producers led gains, while consumer-products
companies declined.
Chevron Corp., the largest refiner in the western U.S., led
oil-related shares in the Standard & Poor's 500 Index to a
record, buoyed by higher crude prices and the $6.5 billion sale
of Dominion Resources Inc.'s onshore oil and gas properties.
Procter & Gamble Co. and Avon Products Inc. dropped and a measure
of consumer-products shares had the steepest retreat among 24
industries in the S&P 500.
Read more at Bloomberg Stocks News
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