Rally in Technology Companies and Drop in Oil Price Help Lift Major Markets
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Stocks rose yesterday after better-than-expected earnings from Apple and American Express eased concern that the housing slump has depressed consumer spending.
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US stocks rose sharply on Tuesday, amid a broad-based rally that included a rebound in the battered financial sector.
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NEW YORK - Newly optimistic investors sent stocks sharply higher Friday, propelling the Dow Jones industrials up more than 100 points, after economic data showed strength in manufacturing and construction. Wall Street greeted the departure of PeopleSoft Inc.'s chief executive by buying up technology shares...
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NEW YORK - A powerful rally lifted Wall Street yesterday after crude oil futures slid more than 7 per cent and strong manufacturing and consumer spending reports allayed fears of a faltering US economy.
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Investors cheered by falling oil prices and an improving job picture sent stocks higher Tuesday, hoping that the news signals a renewal of economic strength and a fall rally in stocks.
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Stocks rose on Wednesday as investors snapped up beaten-down shares after a three-day slide and a nearly 2 percent jump in oil prices boosted demand for energy companies.
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Stocks soared on Friday, as strong results from Research in Motion boosted the technology sector while financial stocks rose on a report of another overseas investment in a U.S. investment bank.
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Wall Street was poised for a higher open on Friday, lifted by positive news from the technology sector, including higher-than-expected results from software maker Oracle Corp  and a stock buyback from Texas Instruments Inc .
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NEW YORK - Newly optimistic investors sent stocks sharply higher Friday after economic data showed strength in manufacturing and construction. Wall Street greeted the departure of PeopleSoft Inc.'s chief executive by buying up technology shares...
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U.S. stocks rose on Friday, led by technology shares after higher-than-expected results from software maker Oracle Corp  and a share buyback from Texas Instruments Inc .
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U.S. stocks ended up sharply on   Tuesday, with the three major indexes registering their biggest   gains in about a month, as crude oil's seventh straight day of   losses fueled optimism that lower energy costs will spur   consumer spending, lift corporate profits and reduce inflation   risks.
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Asian shares rallied on Thursday,  with Taiwan jumping more than 3 percent, as technology issues  chased a rise in their U.S. peers and investors showed  resilience to record oil prices.
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U.S. stocks made strong gains on  Wednesday as a tumble in oil prices boosted investor confidence  about the economy, but thin volume meant dealers were skeptical  about the strength of the rally.
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Stocks rose on Thursday as optimism about tech spending and positive broker comments on companies such as Advanced Micro Devices Inc.  fueled a technology sector advance, offsetting worries about interest rates.
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Stocks rebounded on Monday from last week's losses after tech bellwether IBM  posted upbeat preliminary quarterly results, spurring a broad rally in technology shares.
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The Dow industrials and the Nasdaq turned positive and the S&P sharply cut losses on Thursday as optimism about technology profits offset a slide in financial companies.
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Stocks rebounded on Wednesday, pushing the S&P 500 and the Nasdaq up more than 2 percent, after investors snapped up beaten down technology shares, while the energy sector benefited from a surge in oil prices.