Upbeat News Offsets Declining Oil Prices

Summary


NEW YORK - Wall Street managed a modest gain Wednesday after investors fretted over the impact of falling oil prices but were nonetheless inspired to buy as a result of upbeat news from Alcoa Inc. and Apple Inc.

The market began the session with fresh concern that oil's decline would hurt profits in the energy sector and scare off money from sources like hedge funds that have helped push stocks higher in recent months.

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Extract


Upbeat News Offsets Declining Oil Prices

Adding to that sense was a profit warning from Chevron Corp....

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