Wednesday, February 2, 2011

STOCK Market Close Wrap-up -- February 2, 2011

GLOBAL MARKETS -

Egypt overshadows economic recovery, oil rises

Feb-02-2011---NEW YORK - World shares struggled to eke out more gains on Wednesday

as wariness over escalating violence in Egypt and rising oil prices muted

Prices of U.S. crude futures had slipped after data showed that U.S. stockpiles rose for a third straight week, but finished moderately higher. U.S. light sweet crude oil rose 9 cents to settle at $90.86 per barrel.

WORLD Euro Slips As Egypt, Debt Worries Resurface

Dollar up as clashes in Egypt drive buying

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