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US stocks rally as oil prices fall

ft.com
08-Aug-2008
        
Story Timeline:  62 days

By Jeremy Lemer in New York Wall Street stocks rallied strongly on Friday, and made their first consecutive weekly gains since May, after a dip in oil prices offset weak results and a dividend cut from Fannie Mae, the embattled mortgage agency. Crude oil fell more than $4 a barrel to a three-month low on Friday, taking its tally for the week to a 5.7 per cent... [read full story]                    

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Latest article on this story:

Market Snapshot: U.S. stocks look to build on oil, dollar-induced gains

 marketwatch.com 09-Aug-2008
First article on this story:

U.S. stocks end higher as oil drops

 marketwatch.com 06-Aug-2008
Selected publications with coverage of this story:
reuters.com washingtonpost.com xinhuanet.com marketwatch.com yahoo.com earthtimes.org npr.org ft.com msn.com finanznachrichten.de
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US STOCKS - Wall St rallies as oil's slide spurs optimism

finanznachrichten.de
08-Aug-2008
        

NEW YORK Aug 8 (Reuters) - A slide of nearly $4 in U.S. crude oil prices overshadowed earlier news that Fannie Mae, the biggest buyer of U.S. home mortgages, had posted a steeper-than-expected quarterly loss, fuelled by rising...

                   

Wall St rallies as oil's slide spurs optimism

earthtimes.org
08-Aug-2008
        

By Walter Brandimarte NEW YORK (Reuters) - Stocks jumped on Friday as the U.S. dollar's rally helped push oil prices down to nearly $116 a barrel, reducing inflation fears and improving prospects for stronger business and...

                   

Wall Street gains on technology shares, falling oil

xinhuanet.com
06-Aug-2008
        

NEW YORK, Aug. 6 (Xinhua) -- U.S. stocks extended gains on Wednesday as the rally of technology shares and continued drop in oil prices offset the housing concerns. The Nasdaq rose more than 1.2 percent. Cisco, the biggest...