Monday, May 21, 2007

Markets Close Mixed As Gas Prices Set Record

The markets closed mixed despite mergers and acquisitions activity as retail gas prices rose to a record high. The Dow fell 14 points to 13,543 while Nasdaq climbed 20 points to 2579. S&P 500 traded briefly above its record close of 1527 before retreating to close up 2 points to 1525. The 30-year bond rose as the yield eased to 4.941%.

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