The bulls continued today to help lift U.S. markets to their third straight month of gains. Semiconductors were weak, and technology stocks in general struggled a bit after a negative call on the sector by a major broker. Oil stocks reversed to the upside and finished well as talk about unrest in the Middle East continued and skepticism grew over Saudi Arabia’s production capacity. Given the potential for strength on the first day of a new month, plenty of market players likely wanted to buy before the close today so it might negate the impact to some extend tomorrow.
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