Walgreen Beats Nov. Sales, Oil & Steel Stocks Rise as Markets Hover




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Summary: Stocks hovered on the positive side in midday trading Wednesday with the Dow Jones Industrial right at the flat line. The ISM services index beat expectations in November hitting at 59.3. Economists were expecting the gauge in the U.S. services sector to come in at 57.5. Energy stocks are continuing to rise including ConocoPhillips (COP) and Marathon Oil (MRO). Other commodities stocks are joining in the rally. AK Steel (AKS) is up better than 6% and U.S. Steel (X) is gaining almost 4%. Drug store chain operator, Walgreen (WAG) is rising on better-than-expected sales last month. Walgreen reported same-store sales rose by 4.5%.