Wall Street surges despite oil price spike

Wall Street surged today as investors looked past a sharp rebound in oil prices and focused on comforting news about the US economy – better-than-expected retail sales and a drop in the number of laid-off workers seeking unemployment benefits.

Wall Street surges despite oil price spike
Thu, 05 Jun, 2008 - 23:39

Wall Street surged today as investors looked past a sharp rebound in oil prices and focused on comforting news about the US economy – better-than-expected retail sales and a drop in the number of laid-off workers seeking unemployment benefits.

The Dow Jones industrials rose almost 214 points, posting its biggest daily point gain since April 18.

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CourtsBusinessHeathrowPlace: Wall StreetPlace: USPlace: TorontoPerson: Alfred GoldmanPerson: Subodh KumarPerson: KumarOrganisation: Verizon WirelessOrganisation: Alltel Communications LLCOrganisation: Labour DepartmentOrganisation: Mortgage Bankers AssociationOrganisation: Wachovia SecuritiesOrganisation: DowOrganisation: NasdaqOrganisation: Wal-Mart StoresOrganisation: Wal-MartOrganisation: New York Mercantile ExchangeOrganisation: Verizon CommunicationsOrganisation: Verizon Wireless’Organisation: Verizon
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