(Reuters) - The broader U.S. stock market fell on Monday on worries that troubles in the subprime mortgage market may spread, but optimism about earnings at multinational companies pushed the Dow to nearly 14,000.
Energy stocks fell, led by ConocoPhillips, because of concern about dwindling profit margins for gasoline. In addition, natural gas prices declined due to forecasts for below-normal summer temperatures, hurting utility stocks.
Read more at Reuters Africa
Energy stocks fell, led by ConocoPhillips, because of concern about dwindling profit margins for gasoline. In addition, natural gas prices declined due to forecasts for below-normal summer temperatures, hurting utility stocks.
Read more at Reuters Africa
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