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.
Thu, 05 Jun, 2008
Heightened fears of inflation sent US stocks sliding for a second session in a row today as a key price index climbed to an 11-year high and an improving manufacturing sector raised the likelihood of another interest rate hike by the Federal Reserve.
Tue, 01 Aug, 2006
A drop in oil prices and upbeat outlooks from Wal-Mart and Lowe’s prompted some bargain-hunting on Wall Street, sending stocks sharply higher today, with the swing exaggerated by thin late summer trading. The Dow Jones industrials surged nearly 130 points higher.
Mon, 16 Aug, 2004
A selloff in tech stocks and buying in consumer products left Wall Street little changed today as investors tried to reconcile conflicting economic data - a surprisingly strong gross domestic product figure and a drop in a consumer confidence measure.
Fri, 27 Feb, 2004