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Stock Mar 2011 - "Stock Market: Oil Worries Moderate; Bullish Rally Gets Mixed Reviews"

Stock Mar 2011 - "Stock Market: Oil Worries Moderate; Bullish Rally Gets Mixed Reviews"

Stock Mar 2011 - "Stock Market: Oil Worries Moderate; Bullish Rally Gets Mixed Reviews"

Excerpt


Stock Market: Oil Worries Moderate; Bullish Rally Gets Mixed Reviews


Traders’ attention was diverted from the usual data and financials when political turmoil in Egypt captured the world’s attention in February. Just when the crisis in Egypt appeared to be ending, a surge of unrest in the Middle East from outposts like the tiny Gulf island kingdom of Bahrain and the much larger Libya sent oil prices up and stock prices down. With more upbeat news – that problems were not expected to extend into Saudi Arabia – trading calmed down and analysts in the U.S. turned their attention back to quarterly earnings and other prognostications.



 


 


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