US stocks rally to four month highs
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Wednesday, September 13, 2006
After substantial gains yesterday, U.S. stocks rallied again this afternoon. The Dow Jones Industrial Average closed at 11,543.32, up 45.23 from yesterday and reached a four month high.
This despite the fact that crude oil showed a slight rebound today of 21 cents, closing at $63.97 a barrel after seven days of losses. The increase came after the U.S. Department of Energy reported that crude oil inventories fell more than expected last week.
Sources
- AP. "Wall Street Rallies for 2nd Straight Day" — New York Times, September 13, 2006
- Tim Paradis. "Stocks Hit 4-Month Highs in Late Trading" — Yahoo! Finance, September 13, 2006
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