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Wall St gains on decline in oil price; Dow up 52 pts
Published on Fri, May 30, 2008 at 08:26 , Updated at Fri, May 30, 2008 at 09:12
Source : moneycontrol.com
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US markets advanced for a third straight day. The rally was lead by strength in the financial sector and a big decline in oil prices. Shares of Visa, Mastercard and American Express rose sharply on a report that US consumers were using their credit cards more. Further boosting financials were mounting expectations that bank of America's deal to acquire mortgage lender Countrywide Financial would go through. Energy and materials stocks were the only sectors lower on Thursday. Both sectors were hurt by a decline in commodity futures. Crude plunged USD 4.41 to settle at USD 126.62 on the NYMEX. The Dow Jones industrial average advanced 52.19 points, or 0.41%, to 12,646.22. The Standard & Poor's 500 index rose 7.42 points, or 0.53%, to 1,398.26, and the Nasdaq composite index gained 21.62 points, or 0.87%, to 2,508.32. A look at how the Indian ADRs performed:
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All that money you`ve lost where did it go?
continued.... Jorgenson says no the amount of wealth in the world "simply decreases in a situation like this."...
in Other Market Topics - my_money at 13-Oct-08 08:47
All that money you`ve lost where did it go?
Trillions in stock market value gone. Trillions in retirement savings gone. A huge chunk of the money you paid ...
in Other Market Topics - my_money at 13-Oct-08 08:46
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