| US stocks soar on plunging oil price |
09-08-2008 HKT 06:08 |
|
 |
| Trader on the NYSE - Photo: Reuters |
| |
US stocks soared yesterday as oil plunged below US$115 a barrel, easing inflation concerns and improving prospects for business and consumer spending. The Dow Jones Industrial Average rose 302.89 points, or 2.65%, to 11,734.32, while the Standard & Poor's 500 Index jumped 30.25 points, or 2.39%, to 1,296.32. The Nasdaq Composite Index gained 58.37 points, or 2.48%, to 2,414.10.
|
 
|
 |
|