Business ; Stocks Surge as Oil Slumps
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The Dow Jones industrial average &lt;.DJI&gt; rose 162.20 points, or 1.56 percent, to 10,590.22. The Standard &amp; Poor&#39;s 500 Index &lt;.
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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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Shares surged yesterday, pushing up the Dow Jones industrials by more than 100 points as a report that two companies are independently trying to buy Alcoa fueled hopes for a pickup in takeover activity.
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Oil prices surged nearly 6 percent on  Wednesday as the U.S. government reported a fall in heating oil  stocks in the midst of the season's first arctic cold blast in  the Northeast.
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The commercial stocks of crude oil in the United States surged by 4.0 million barrels to 283.4 million barrels in the week ending on October 22, near the lower end of average
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Despite rising oil prices, U.S. stocks this week had their biggest rally since October, as investors reacted to some positive economic indicators, the easing of tensions in Iraq and Google Inc.'s unexpectedly strong performance after going public.
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U.S. stocks rose, overcoming earlier losses, on Thursday as a jump in oil prices pushed up energy shares, overshadowing a surprising drop in Midwest business activity and a disappointing outlook by Wal-Mart Stores Inc.
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Stocks moved higher in a late-session buying surge yesterday, as oil prices stepped back from their highs and investors shrugged off mixed economic data, focusing with renewed optimism on the government&#39;s upcoming jobs report.
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U.S. stocks rebounded on Wednesday, led by technology companies as investors snapped up beaten down shares, while the energy sector benefited from a surge in oil prices.
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By The Associated Press. A sharp drop in oil prices gave Wall Street some relief yesterday, with stocks edging higher on news that oil production soared in September.
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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 a buildup in crude inventories.
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NEW YORK - A drop in oil prices and upbeat outlooks from Wal-Mart and Lowe's prompted some bargain-hunting on Wall Street, sending stocks sharply higher Monday, with the swing exaggerated by thin late summer trading. The Dow Jones industrials surged more than 120 points higher in late trading...
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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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NEW YORK - Wall Street shares took a beating yesterday as a fresh surge in oil prices dented sentiment among investors already fretting about the coming corporate earnings season.
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Stocks surged on Thursday, lifting the Dow to a record, as stronger-than-expected retail sales and takeover speculation fueled optimism about the economy.
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Stocks rallied on Wednesday, ending a three-day slide, on solid demand for energy shares as oil prices jumped nearly 2 percent.
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Oil prices surged nearly 6 percent on Wednesday as the US government reported a fall in heating oil stocks in the midst of the season&#39;s first arctic cold blast in the Northeast.