Markets

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

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.

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

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