US stocks soar

The Dow Jones Industrial averages soared to a five-year high today.

US stocks soar
Wed, 22 Mar, 2006 - 22:31

The Dow Jones Industrial averages soared to a five-year high today.

US stocks rose following upbeat news from big companies: a patent settlement by Bristol-Myers Squibb, strong earnings from Morgan Stanley and a cost-cutting deal between General Motors, Delphi and the United Auto Workers union.

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CourtsBusinessHeathrowPlace: USPlace: Wall StreetPlace: PittsburghPlace: New EnglandPerson: Bob SitkoPerson: SitkoPerson: Kim CaugheyPerson: CaugheyOrganisation: Bristol-Myers SquibbOrganisation: Morgan StanleyOrganisation: General MotorsOrganisation: DelphiOrganisation: United Auto Workers unionOrganisation: Bristol-MyersOrganisation: Sanofi-Aventis SAOrganisation: UAWOrganisation: MicrosoftOrganisation: USAA Private Investment ManagementOrganisation: NasdaqOrganisation: New York Stock ExchangeOrganisation: New York Mercantile ExchangeOrganisation: Fort Pitt Capital GroupOrganisation: FedExOrganisation: Sanofi-AventisOrganisation: New York Times CoOrganisation: Boston Globe
<p>In the first eight months of the year, 116,099 new cars were registered, a 3.4% increase, of which 20,656 were electric cars representing a 37% year-on-year increase. File picture</p>

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