NEW YORK — Wall Street shot higher Tuesday, lifting the Dow Jones industrials nearly 320 points after reassuring news from Goldman Sachs Group Inc. and Wal-Mart Stores Inc. quelled some of the market's worst fears about the credit crisis and the economy. A plunge in the price of oil gave investors further incentive to buy.Goldman Sachs heartened investors with word that it didn't expect a significant hit from the subprime mortgage turmoil.
http://www.chron.com/disp/story.mpl/headline/biz/5298838.html
Tuesday, November 13, 2007
Investors ride cheerful news to 320-point Dow gain
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment