Today’s Market

The market is doing quite well today. The Dow is up over 100 points and crude oil has finally pulled back a few dollars. Right now, oil is going for less than $66 a barrel. These days, that’s considered a bargain. Today, the market is being led by tech stocks and the cyclical sector. The top industry groups are Real Estate, Paper, Water Utilities and Heavy Construction. Perhaps the best news is that the insurance sector is finally beginning to recover.

Insurance stocks took a big hit last October from Hurricane Spitzer. The industry has been a bargain ever since.

Posted by Eddy Elfenbein on September 6th, 2005 at 12:50 pm

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