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


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.

Comments (1)
  • quabbin
    , contributor
    Comments (127) | Send Message
     
    Ring the bell and hit the beaches!
    20 Jun 2014, 07:42 PM Reply Like
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