Global Stocks Rally, Oil Up as Bush Wins
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US stocks climbed while bonds fell and the dollar lost ground against the euro on Wednesday as Republican President Bush won re-election in a tight race.
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World oil prices rebounded on Thursday as global stock markets firmed, China revealed strong growth numbers and on expectations that OPEC will not increase crude output next week.
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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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Stocks surged Wednesday, with the Dow Jones industrials posting triple-digit gains as investors expressed relief following Sen. John Kerry&#39;s concession to President Bush.
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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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By George Chamberlin , Daily Transcript Financial Correspondent. Stock prices rallied on Friday as oil prices continued to seesaw.
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European stocks and the dollar rallied  on Thursday as tumbling oil prices relieved investor fears  about economic and earnings growth, while debt yields rose  after stronger-than-expected German economic data.
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Wall Street stocks ended higher Wednesday, boosted by a late-day rally despite the record crude oil price of more than 52 US dollars per barrel.
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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.
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US stocks gained on optimism the US presidential election will produce a clear winner, acting as the catalyst to lift share prices the rest of the year.
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Oil prices rose yesterday as global stock markets recovered some ground after weeklong declines, and strategists pointed out that gasoline stocks are slipping while demand rises.
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WASHINGTON, DC - The stock market got off to a quick start on news of President George W. Bush&#39;s victory, with the S&amp;P 500 and the Nasdaq on Wednesday morning both up by more than 1%.
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Stocks rallied on Friday after a higher profit forecast by Microsoft Corp.  lifted all three major indexes and an upbeat outlook by lender Countrywide Financial Corp.  stemmed fears of financial-sector losses.
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European markets rallied this morning and Asian indexes generally moved higher as efforts to shore up the U.S. economy helped begin to calm a volatile climate for global stocks.
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US stocks gained on optimism the US presidential election would produce a clear winner, acting as the catalyst to lift share prices the rest of the year.
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US stocks advanced on Wednesday as President Bush won re-election, but slipped off the day&#39;s highs after a surge in the price of oil.
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U.S. stocks gained on Monday, getting  a boost from lower oil prices after news the Venezuelan  president survived a recall eased fears about the country's oil  exports.