Wall Street stocks rise

Wall Street extended its fourth-quarter rally into a second day, supported by falling oil prices and a bullish assessment of the economy from a Federal Reserve official.

Wall Street stocks rise
Mon, 04 Oct, 2004 - 22:36

Wall Street extended its fourth-quarter rally into a second day, supported by falling oil prices and a bullish assessment of the economy from a Federal Reserve official.

Investors were cheered by a dip in oil prices, which backed off the 50 dollar per barrel mark at Friday’s close of trading. A barrel of light crude closed at 49.91 dollars, down 21 cents, on the New York Mercantile Exchange.

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CourtsBusinessHeathrowPlace: WallPerson: President Anthony SantomeroPerson: Chris JohnsonPerson: Neil MassaPerson: Bruce NelsonPerson: Neil AustrianPerson: Craig ConwayPerson: ConwayOrganisation: Wall StreetOrganisation: Federal ReserveOrganisation: New York Mercantile ExchangeOrganisation: Schaeffer’s Investment ResearchOrganisation: DowOrganisation: NasdaqOrganisation: John Hancock FundsOrganisation: Commerce DepartmentOrganisation: American International Group IncOrganisation: Securities and Exchange CommissionOrganisation: AIGOrganisation: Wal-Mart Stores IncOrganisation: Wal-MartOrganisation: Office Depot Inc.Organisation: PeopleSoft Inc.Organisation: Oracle Corp.Organisation: PeopleSoftOrganisation: OracleOrganisation: New York Stock Exchange
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