US stocks finish mixed on record oil prices
Wall Street finished an uninspired session mixed today as a new record high in oil prices was partly offset by a better-than-expected reading of the nation’s industrial activity and strong sales at Wal-Mart Stores Inc.
The stock market remained resilient in the face of record intraday and closing prices for oil. A barrel of light crude reached an intraday high of 62.30 before closing at 61.57, up 1, on the New York Mercantile Exchange. The death of Saudi King Fahd was cited as creating uncertainty in the oil market.
