Tech earnings lift tech stocks in mixed market rally
A tech led advance lifted U S stocks modestly as Goldman Sachs Morgan Stanley beat forecasts and One Inc posted strong results. The Dow rose 23.60 to 10395.07 while the S P 500 added 4.14 to 1134.41 and the Nasdaq gained 19.77 to 1994.15 as investors awaited the Fed meeting and debated rate moves.
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Crude futures rise on Iraqi pipeline fears and refinery outage
Crude futures climbed in New York as concerns over Iraqi pipeline security and a refinery outage spurred rallies in gasoline futures. Saboteurs cut supplies from the Dora refinery by attacking a key line from Baji, while a Norwegian oil strike curtailed about 400,000 barrels per day. July crude rose to $38.11, August to $38.25, and gasoline futures gained after ConocoPhillips restarted a unit at Lake Charles News.
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