US Market Rally Dow Jones up by 276 points

• Author: admin
• Filed under: World Market
• Date: Jul 17,2008

US Market had a very good day yesterday after the financial sector rallied like 12 percent one of the best rally in 19 years it seems ,

What Ran the Market Source: Nasdaq

>Financials surge 12% — the largest advance ever — after Wells Fargo reports better-than-expected earnings and raises dividend 10%

>Crude oil prices fall after oil inventories unexpectedly rise

>June CPI higher than expected, rising fuel and energy costs spur largest year-over-year gain since 1991