Stocks Edge Higher as Fears of Iraq Involvement, Oil Price Spike Abate

By Staff,

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Stocks eked out modest gains Friday, shaking off earlier weakness tied to geo-political turmoil, higher energy prices, and deteriorating consumer sentiment. Stocks instead got a small boost from President Obama's comments dismissing the use of ground troops in Iraq, and a halt in the oil market rally above $107 per barrel. The Nasdaq Composite outperformed thanks to gains in Open Table ( OPEN ) on its $2.6 billion sale to Priceline ( PCLN ), and Intel ( INTC ) after the chip maker raised revenue and earnings guidance.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: OPEN , PCLN , INTC

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