So far the stock market has mostly ignored the jump in crude oil prices, but high energy costs could eventually take their tollAmerican consumers and companies have howled in agony at oil's 27% price surge in the last six weeks. But apparently—at least so far—stock investors could not care less.
As oil makes its record-breaking run, stocks have rallied, too. The broad Standard & Poor's 500-stock index is up more than 5% since the beginning of April.
If oil keeps hitting new highs, eventually stocks will feel the pain, market observers say. But at what point?
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