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Oil prices might slam stocks
- Article from:
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Sunday Gazette-Mail
- Article date:
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March 20, 2005
- Author:
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Copyright informationCopyright 2005 Sunday Gazette-Mail. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK - Investors may feel the effects of high oil prices in
their stock holdings as well as their fuel bills.
The latest spike in crude oil futures, which now hover above $56
per barrel, sent stocks tumbling this past week as investors, rightly
so, feared that price hikes could soon ripple throughout the economy
and trigger inflation.
Rising oil prices pressure every sector of the stock market,
except for energy stocks. And if the Federal Reserve hikes interest
rates more rapidly to combat the inflationary threat, economic
pressures could also drive stocks lower.
The various scenarios leave few places for portfolios to hide. And
sadly, hoarding Dubai crude futures isn't the answer.
"The ...
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