Greenspan comments lift stocks amid muted session
Wall Street gained modestly after Federal Reserve Chairman Greenspan signaled patience on inflation but warned of rate hikes if needed. Dow rose 55.01 to 10,149.07 while S&P 500 and Nasdaq advanced, as investors digest housing data and looming earnings. Microsoft split with a one time $3 per share dividend and raised annual payout.
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Crude futures slip after month high as profit taking hits
New York crude futures eased 1.9 percent after briefly topping 42 a barrel. August front month settled at 40.86, down 78 cents. September contract finished at 40.44. Brent fell 89 cents to 37.01 amid cautious selling and gasoline weakness dragging crude higher. Analysts note profit taking and risk management as refiners had moved to take delivery earlier.
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