Stocks Inch Higher after Oil Decline

Crude futures touched a five-month low as Chevron, Devon Energy, and Statoil announced a potentially big oil find. Veritas DGC and Phelps Dodge made deal headlines

Stocks finished modestly higher in slow trading Tuesday, as investors considered M&A activity and a drop in oil futures. Caution flags from technical analysts and worries about historical September weakness helped restrain the market, says Standard & Poor's Equity Research.

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