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Wall St ends higher as dollar gains, oil rally slows
Published on Tue, May 13, 2008 at 08:32 , Updated at Tue, May 13, 2008 at 14:35
Source : CNBC-TV18
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CNBC's Rebecca Jarvis - US stocks ended higher as the dollar gains and the oil rally slows. The Dow was up over 130 points, the Nasdaq gained 43 points and the S&P 500 added more than 15 points. The price of crude oil slipped for the first time in 5 days due to stronger dollar and concerns of high prices were eating into demand. Crude fell more than USD 50/bbl since Friday’s record close. Meantime MBIA posted a USD 2.4 billion loss after taking heavy charges to write down liabilities. And JP Morgan Chase CEO James Dimon said that credit crisis is 75% over but the recession is just beginning. Wall Street Action
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From earlier part... 4. This was not an end. The lending Banks like CitiGroup, Wachovia, etc pooled the sub-prim...
in Other Market Topics - venkat_c at 11-Oct-08 01:59
Thanks. Of course 8500 sensex is just possible but not 3000 sensex....
in Other Market Topics - vkk43 at 11-Oct-08 06:44
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