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Wall Street surges on drop in crude price; Dow up 276 pts
Published on Thu, Jul 17, 2008 at 08:15 , Updated at Thu, Jul 17, 2008 at 08:32
Source : moneycontrol.com
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The US markets surged after the financial sector soared the most in its 19-year history. Wells Fargo's better-than-expected earnings sparked the rally that was compounded by short-covering. A steep drop in crude prices helped overshadow disappointingly high inflation reading. Crude slipped USD 4.14 to settle at USD 134.60 a barrel on the NYMEX. Dollar rallies against other major currencies. The Dow gained 276.74 points, or 2.52%, to 11,239.28. The S&P 500 index rose 30.45 points, or 2.51%, to 1,245.36, and the Nasdaq advanced 69.14 points, or 3.12%, to 2,284.85. A look at how the Indian ADRs performed:
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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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