Posted on 05/17/2007 6:06:29 PM PDT by Graybeard58
NEW YORK -- Wall Street shot higher Wednesday after investors shrugged off a mixed reading on the housing sector and focused on the positives: a jump in industrial output, a retreat in crude oil prices and new cash pouring into the stock market. The Dow Jones industrials rose 103 points to another closing record.
Stocks initially slipped after Commerce Department data showed applications for building permits fell by the biggest amount in 17 years during April. But they gradually regained strength, finding support from a Federal Reserve report that showed industrial output rose more than expected in April, and a rebound in U.S. crude and gasoline inventories caused crude oil prices to pull back.
The Dow rose 103.69, or 0.77 percent, to 13,487.53, to its 23rd record close of the year. It also hit a new trading high, 13,489.57.
Bushs fault.
Today is Thursday.
Any reason why you posted yesterday’s news?
It wasn’t posted yesterday and I put it in “extended news” today and nobody compelled you to read it today.
If it really bothers you as much as all that, you have recourse. Click the “abuse” button and report your complaint to the mod. If he/she agrees with you, it will be deleted and you will be happy and a full fledged member of the “posting police” at F.R.
If the mod doesn’t agree with you, your report will just be ignored with no repercussions.
It can’t be true. John Kerrey told me that this was the worst economy since Hoover.
13,476.72
-10.81 ( -0.08% )
The economy seems to be humming and that's good news.
It has been a good year so far!
So, is this good or bad? And does it make a difference? Just how will it affect Global Warming?
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