U.S. stocks decline, unsettled by Bhutto death. Oil Companies Profit
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The drop in stock futures followed media reports that Pakistani opposition leader Bhutto was killed following a suicide bombing that also killed at least 20 others who attended a political rally in Rawalpindi, Pakistan. Read full story.
Crude-oil futures also surged on the news of Bhutto's death, as energy traders worried about increased tensions in the Middle East. See Futures Movers.
On Wednesday, U.S. stocks finished with mild gains amid concerns over holiday retail sales and downbeat housing data. The Dow industrials rose 2 points, the Nasdaq Composite rose 10 points and the S&P 500 added a point.
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Labels: Stock Market. Oil Companies. Oiligarchy. Bhutto Assassinated. Pakistan. Musharraf. Khan.
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