Wall Street rallied today as oil prices tumbled, the service sector reported strong growth and investors embraced large-cap stocks such as Wal-Mart Stores, Coca-Cola and Home Depot.

ELAN and Biogen’s new multiple sclerosis drug, Tysabri, will be priced 30% dearer than expectations lifting the prospects of Elan returning to profitability in 2006.

Florida was the target for George W Bush and his Democratic rival John Kerry today as they spent the day asking for the support of voters in the state that decided the presidential election four years ago.

Investors sent stocks modestly higher in New York today, embracing a sluggish gross domestic product reading that was nonetheless better than expected, hoping that falling oil prices would help spur the economy.