Rally hopes remain for US stocks

Surging oil prices and a weak dollar prompted a spate of profit-taking today, pushing stocks slightly lower in light holiday-week trading.

Rally hopes remain for US stocks
Wed, 29 Dec, 2004 - 22:09

Surging oil prices and a weak dollar prompted a spate of profit-taking today, pushing stocks slightly lower in light holiday-week trading.

However, the minimal losses gave investors hope that Wall Street’s year-end rally would still extend into January.

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