Stocks Finish Higher

Comments from Fed Chairman Greenspan calmed nerves on Wall Street

Major stock indexes finished higher in moderate trading Thursday. Investors took comfort as Federal Reserve Chairman Alan Greenspan's reiterated the Federal Open Market Committee's outlook for a "measured pace" of rate hikes. The energy sector gave a strong performance after oil prices surged on speculation that tropical storm Arlene would turn into a hurricane and cause supply problems. After the close, Intel (INTC ) raised its second-quarter revenue forecast in a mid-quarter update.

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