US stocks rally to four month highs
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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