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Market Update - Oil passes $63/barrel

Author: David J. Kosmider (info)
Website: http://eidoan.com/
Posted: November 30th, 2006 at 5:18 pm EST
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The markets ended mixed today with only the S&P 500 (SPX) and the Russell 2000 (RUT) ending the day in positive territory. All of the major indexes were showing gains for the day at the start of the last hour of trading, but a sharp sell off in the last few minutes sent several of them took back the gains on some of the indexes. Oil moved over $63/barrel and while the streetTRACKS Gold Shares fund (GLD) jumped up almost 2% today.

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