Stocks Finish Higher
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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