US stocks rally to four month highs
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After substantial gains yesterday, U.S. stocks rallied again this afternoon. The Dow Jones Industrial Average closed at 11,543.32, up 45.23 from yesterday and reached a four month high. This despite the fact that crude oil showed a slight rebound today of 21 cents, closing at $63.97 a barrel after seven days of losses. The increase came after the U.S. Department of Energy reported that crude oil inventories fell more than expected last week.
After substantial gains yesterday, U.S. stocks rallied again this afternoon. The Dow Jones Industrial Average closed at 11,543.32, up 45.23 from yesterday and reached a four month high.
This despite the fact that crude oil showed a slight rebound today of 21 cents, closing at $63.97 a barrel after seven days of losses. The increase came after the U.S. Department of Energy reported that crude oil inventories fell more than expected last week.
Sources & reporting note
Licensed archive reporting by Wikinews contributors. Text: CC BY 2.5 (https://creativecommons.org/licenses/by/2.5/). Original source date retained. 411 has not independently verified this archive report.
Read the source: Wikinews ↗Source published 13 Sept 2006, 05:30 am IST
