China's announcement of an 18% increase in fuel prices sent oil prices tumbling to lift the market to a modestly higher close with the Dow adding 34 points to 12,063. Nasdaq surged 32 points to 2462.
On the upside
On the downsideBluePhoenix Solutions (Nasdaq: BPHX) forecast second quarter results below expectations.
In the broad market, declining issues barely edged out advancers on the NYSE while advancers outpaced decliners by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 7 points to 738.