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Stock Market Update - Fri Aug 17 14:30:01 EDT 2007

Fri Aug 17, 2007 2:30pm EDT

[BRIEFING.COM] Finally, everything from Explorers (+2.7%) to Refiners (+2.7%) are getting a lift from oil's late-day rally. So much so that the Energy sector's 3.1% gain now matches that of Financials.

While the latter sector carries almost twice the weighting on the S&P 500 than Energy, and is providing a larger source of support behind today's bounce, Energy's advance is helping to offset oil's uptick.

Also noteworthy is the resilience on the part of transportation stocks to higher energy prices. Strength from Airlines and Trucking is helping the economically-sensitive Industrial sector also turn in a commendable performance.

NYSE Adv/Dec 2863/486...Nasdaq Adv/Dec 2214/818


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