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Shares Rise in Thin Post-holiday Trade; Oil, Natural Gas Slip
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29.12.2014
U.S. stocks pushed higher on Friday and major indexes hit new records, while oil and natural gas fell on worries of a supply glut and on mild U.S. weather.
The three major U.S. stock indexes were on track for a second straight weekly advance and all 10 S&P 500 industry sectors were higher on the day. Trading was light, however.
Europe, Canada, Latin America and a number of Asian markets were closed for a holiday the day after Christmas.
Oil prices slipped, pressured by a supply glut in top consumer the United States. A Department of Energy report on Wednesday showed crude inventories in the latest week rose to their highest December level on record.
The three major U.S. stock indexes were on track for a second straight weekly advance and all 10 S&P 500 industry sectors were higher on the day. Trading was light, however.
Europe, Canada, Latin America and a number of Asian markets were closed for a holiday the day after Christmas.
Oil prices slipped, pressured by a supply glut in top consumer the United States. A Department of Energy report on Wednesday showed crude inventories in the latest week rose to their highest December level on record.
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