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Wall St soars on banks' best day in 16 yr, oil's drop
Summary from United States, from articles in English
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NEW YORK - Treasury prices fell Wednesday as a drop in oil prices and better-than-expected results from Wells Fargo & Co. drew investors back into the pummeled stock market. (article 3)
Bonds also fell after the Labor Department's index of consumer prices showed a rise of 1.1 percent, or 0.3 percent after food and energy prices had been stripped out. (article 3)
The Dow industrials soared 2.5 percent on Wednesday, its best single-day gain in three months, as oil prices retreated sharply for a second day to below $135 a barrel. (article 6)
NEW YORK- U.S. stocks rallied more than 2 percent Wednesday, powered by the best day for banks in 16 years as unexpectedly strong results from Wells Fargo & Co relieved worry about a credit crisis spiraling out of control. (article 4)
A $4 drop in oil prices gave more fuel to the rally, offsetting an early report that showed U.S. consumer prices in June rose by the most since the aftermath of Hurricane Katrina in September 2005. (article 4)
SEOUL (Thomson Financial) - South Korean shares were sharply higher in early trade on Thursday as investors picked up oversold stocks, taking comfort in a further drop in oil prices overnight. (article 5)
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Other stories about inflation, prices and percent:
Event tracking:
Story keywords
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inflation, prices, percent, growth, oil |
Source articles
- As oil continues to fall, stocks end day way up (msnbc.msn.com, 07/16/2008, 601 words)
- Stocks soar as oil price drops sharply for second day (seattletimes.nwsource.com, 07/16/2008, 805 words)
- Treasury prices fall as stock market rebounds (seattletimes.nwsource.com, 07/16/2008, 406 words)
- Wall St soars on banks' best day in 16 yr, oil's drop (boston.com, 07/16/2008, 597 words)
(msnbc.msn.com, 07/16/2008, 517 words)
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blaster@cs.columbia.edu
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