US stocks up on falling oil and bargain hunting
2008-06-30 15:48:45 GMT 2008-06-30 23:48:45 (Beijing Time) SINA.com
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NEW YORK - Stocks rose on Monday as oil prices slipped and the broad market's descent to March lows drew bargain hunters, helping financial shares to pare losses.
U.S. front-month crude dropped 14 cents to $140.09 a barrel, pulling back from a climb that took it to a record $143.67 a barrel.
The Dow Jones industrial average (.DJI) rose 73.04 points, or 0.64 percent, to 11,419.55. The Standard & Poor's 500 Index (.SPX) gained 9.81 points, or 0.77 percent, to 1,288.19. The Nasdaq Composite Index (.IXIC) added 7.64 points, or 0.33 percent, to 2,323.27.
(Agencies)
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