US stocks rally again

Stocks rallied for a second session today, pushing to four-month highs even as oil prices showed a slight rebound after seven days of losses.

Although oil prices rose 21 cents to 63.97 dollars a barrel on the New York Mercantile Exchange after the Department of Energy reported that crude inventories fell more than expected last week, investors were optimistic that the recent drop in oil would boost consumer spending and corporate profits.