Drop in oil price boosts Wall Street

Wall Street logged another winning day today as a drop in oil prices and a better-than-expected profit report from technology bellwether Cisco Systems helped corral the market's worries about the financial sector.

Oil extended its slide into a third day. Light, sweet crude settled down 59 cents at $118.58 a barrel on the New York Mercantile Exchange after the government reported a jump in domestic inventories; oil is now down about $30 from its record high of $147.27 reached on July 11.