Market wrap: Stocks edge higher, Iraq fears pressure oil prices, Oracle slumps

|By:, SA News Editor

Stocks finished mildly higher on a light day for economic news with the DJIA finishing at a new record high at 16,952.85. The arrival of quadruptling witching day didn't play a significant factor in the action.

Crude oil futures contracts rose to their highest level in nine months as concerns over the situation in Iraq continue to put a risk premium in play. Gold futures edged higher to stay above $1,300.

An earnings miss from Oracle dragged down other enterprise software stocks.