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U.S. stocks seesaw up, oil tops $95

Submitted by MT Bureau on Sat, 11/17/2007 - 08:45. ::

New York -- U.S. stock indexes, winding up the week in a volatile, seesaw trading session, finished on the plus side while oil prices continued to rise higher.

U.S. stocks seesaw up, oil tops $95Get original file (7KB)

The Dow Jones industrial average picked up 66.74 points, or 0.57 percent, to close at 13,176.79. The Nasdaq composite was up 18.73, or 0.72 percent, at 2,367.24. The Standard & Poor's 500 Index closed up 7.59 points , or 0.52 percent, at 1,458.74.

The volume on the New York stock exchange was almost 1.8 billion shares traded with 1,801 declining and 1,460 advancing.

Crude oil futures closed strongly, gaining $1.57 to reach $95.10 on the eve of a meeting of officials from the Organization of Petroleum Exporting Countries.

The dollar was mixed. The euro traded at $1.4654 from $1.4619 late Thursday, while the dollar traded at 110.91 yen from 110.35 yen.

Bonds slipped. The benchmark 10-year note lost 7/32 to yield 4.169 percent Friday.

Copyright 2007 by United Press International.

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