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July 12th, 2012 
FAKE NEWS for the Zionist agenda NEW YORK (AP) — Chevron and other energy stocks rose Wednesday afternoon, following oil prices higher, even as broad market indexes were mixed.
The price of crude oil jumped $2, to $86 a barrel, after the government that U.S. crude supplies fell for a second week straight, a sign that demand for energy may be increasing.
Energy stocks gained the most of the 10 industry groups within the Standard Poor’s 500 index, 1.5 percent. Chevron rose 81 cents to $104.69 and Exxon Mobil gained 69 cents to $83.67.
Other stocks drifted between slight gains and losses as investors wait for minutes from the Federal Reserve’s June meeting.
The Dow Jones industrial average fell 14 points at 12,638 shortly after noon Eastern, putting it on track for its fifth straight day of losses. That would be the Dow’s worst stretch since a six-day losing streak that ended May 19.
After the Fed’s latest meeting, policymakers said they would extend a Treasury-buying program through the end of this year. That program is an attempt to stimulate spending by keeping borrowing costs low and nudge investors out of the safest of bonds and into other investments. The Fed also said it’s ready to take more steps to push the recovery forward if the job market gets worse.
The Fed releases minutes from its latest meeting at 2 p.m. Eastern.
In other trading, the SP 500 rose two points to 1,339 and the Nasdaq lost 11 points to 2,890.
“The bottom line is that there aren’t a lot of investors willing to put money into this market,” said Jeff Kleintop, chief market strategist at LPL Financial. “There’s not much to get excited about,”
In Europe, Spain’s borrowing costs fell after the country imposed new sales tax hikes and spending cuts in a bid to slash nearly $80 billion from its budget over the next two and a half years. Spain is being squeezed by high borrowing rates and 25 percent unemployment.
Among companies making bigger moves than the overall market:
— HHGregg plunged 37 percent. The appliance and electronics retailer said after the market closed Tuesday that weak sales will cause its quarterly loss to widen. The company also cut its full-year earnings outlook. Analysts at SunTrust and Stifel Nicolaus downgraded the company’s shares. The company’s stock lost $4.27 to $7.27.
— AMC Networks jumped 3 percent. A stock analyst at Susquehanna Financial Group said AMC, whose shows include “Mad Men,” and “The Walking Dead,” could reach a settlement with Dish Network in their dispute over fees by mid-October. Dish replaced AMC‘s channels on July 1, arguing that they were too expensive. AMC‘s stock gained $1.30 to $41.17. Dish fell 3 percent, or 86 cents, to $26.89.
— Mead Johnson Nutrition rose 2 percent after a Chinese agency apologized for what it said were false accusations that the company’s baby formula contained a possibly dangerous ingredient. The accusations helped knock the company’s stock down 3 percent on Tuesday. Mead Johnson jumped $1.62 to $76.91.
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