-
Wall St. up for sixth straight week despite oil rout
U.S. stocks ended mostly flat in a holiday-shortened session on Friday as a massive decline in the energy sector offset strength in consumer names, but major indexes rose for a sixth straight week. Crude oil CLc1 fell below $68 per barrel a day after OPEC decided not to cut output, which could leave markets over supplied. The 7 percent decline was the biggest one-day drop since May 2011, with prices lowest since 2010. "Crude seems to have no floor right now, and we could easily see the price drop into the low $60s," said Tony Roth, chief investment officer at Wilmington Trust in Wilmington, Delaware. The Energy ... (full story)