Oil surge stops Dow's rise
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Stocks inched higher Wednesday, giving the Dow Jones industrial average its second-highest close ever.
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Soaring oil prices trumped positive earnings news today, and stocks plunged as investors rushed to take profits on new fears that the market is in the midst of a commodity bubble.
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By George Chamberlin , Daily Transcript Financial Correspondent. A big drop in oil prices helped stock prices move higher Wednesday.
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A slight pullback in oil prices is giving stocks an early-session boost. The Dow Jones Industrial Average is up 21 points in today&#39;s early going.
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NEW YORK - A sharp drop in oil prices gave Wall Street a small relief rally Monday, with stocks regaining ground after falling earlier in the session.    While oil prices topped $55 per barrel in pre-market trading, the latest production report from OPEC - showing oil production at 25-year highs - deflated futures trading substantially...
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Stocks soared Wednesday, with the Dow Jones industrials rising more than 120 points, as a large buildup in the nation&#39;s energy inventories and increased consumer spending sent stock buyers back to the market.
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AFTER an slow start as Wall Street took a breather after Thursdayâs rally, a late surge saw the Dow finish almost 70 points ahead, topping the significant 10,500 mark.
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A huge jump in wholesale prices sent stocks falling yesterday as investors worried that rising oil prices were taking a toll on the overall economy.
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NEW YORK - Investors saw a major surge in oil prices and disappointing earnings from Morgan Stanley as a chance to collect profits Wednesday, sending stocks substantially lower. The Dow Jones industrial average dropped nearly 130 points...
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NEW YORK - A sharp drop in oil prices gave Wall Street a muted relief rally Monday, with stocks edging higher after falling earlier in the session. Blue chips moved in and out of negative territory due to fears that the dip in oil prices would be temporary...
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Oil prices jumped to record highs  above $54 on Tuesday as supply hitches hindered efforts to  build winter heating fuel inventories. They later shed more  than a $1 a barrel as traders took profits from the surge.
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Oil prices pulled further back from  the brink of $100 a barrel on Thursday after fresh signs of  weak U.S. oil demand and a Wall Street slump fuelled  profit-taking from a near 40 percent rally in under three  months.
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Oil surged beyond $90 to a new peak on Friday as tight fuel stocks ahead of winter and a softening dollar spurred investor buying.
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Oil prices fell sharply from near record peaks on Wednesday after a larger-than-expected build in US crude stocks spurred traders to take profits from a fierce rally.
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Stocks rose sharply yesterday, extending their rally for a second session as investors expressed relief over plummeting oil prices following a government report that showed an increase in crude inventories. The Dow Jones industrial average had its second straight triple-digit gain, pushing back above the 10,000 mark.
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NEW YORK - Stocks inched higher Thursday as investors shrugged off sluggish retail sales, a disappointing reading on worker productivity and a surge in oil prices.    In morning trading, the Dow Jones industrial average was up 16.90, or 0.2 percent, at 10,185.36...
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U.S. stocks surged on Wednesday with  the Dow back above 10,000 after oil prices fell almost 5  percent, alleviating worry that high energy costs will eat into  corporate profits and consumers' wallets.