Friday, February 25, 2011

::Dow Jones weaker, World Oil Prices Soar>>

Go Finance Reporting in NEW YORK - Although closed mixed, no doubt the movement of the Dow Jones remains weak as oil prices continue to soar, making the stock market worried investors.

Nevertheless, the Nasdaq index recorded a rebound, so a little help stabilize the volatile stock that moves. Investors are also advised not to give in to the market is rallying.

Reported by Reuters on Friday (02/25/2011), the average Dow Jones industrial fell 37.28 points, or 0.31 percent, to 12068.50. The broader Standard & Poor's 500 slid 1.30 points, or 0.10 percent to 1306.10. While the Nasdaq Composite Index rebounded 0.55 percent or 14.91 points to 2737.90.

S & P 500 Index recovered from its lowest position, although initially triggered by a deep concern that oil prices will be higher so that it can withstand economic activity. Stocks were observed to reach their worst level when Brent crude oil near USD120 per barrel due to problems in Libya.

Known, oil prices alone have risen about 12 percent during the last three sessions. This sharp rise has sparked fears about the impact of energy costs on economic activity.

The price of oil itself is at its highest position since the end of August 2008 due to increased supply problem which affected Libya. Brent oil climbed to nearly USD120 in intraday trading but later fell back to USD111, 12 which was triggered by rumors that the Libyan leader Muammar Gaddafi had been shot. (GoFinance)

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