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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 10, 2013
Page
12
The New York stock exchange reported the most active light sweet crude contract settled at 97.34 dollars per barrel. Traders priced in supply constraints and demand optimism as settlement closed near session highs. Major energy firms reacted to the move while market participants noted volatility in nearby futures.
A survey finds 20 percent of U.S. adults become rich for periods in their lives, extending beyond the top 1 percent. The "new rich" are mostly older professionals and educated singles with incomes often above 100000, shaping spending, politics, and policy while highlighting growing economic polarization and fragility.
The S P 500 closed at a new high as Sysco jumped 9.7 percent to 37.62 after announcing an 8.2 billion merger with US Foods. The Dow rose slightly to 16,025.53 and the Nasdaq gained to 4,068.75 as markets rallied on job data and budget optimism.
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