Stocks jump on drop in oil, Wells Fargo report
Wall Street turned higher Wednesday as another drop in oil prices helped offset concerns about a jump in inflation last month. The Dow Jones industrial average rose more than 125 points.
Stocks drew support from oil prices that pulled back for a second straight day on concerns that a slowing economy will damp demand. Light, sweet crude fell $4.84 to $133.90 on the New York Mercantile Exchange, compounding a drop of $6.44 on Tuesday.
Meanwhile, bond prices fell sharply as in...
7/16/2008 4:19:00 PM
Kentucky.com: Business
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