"There's plenty of news that's upbeat and positive and it starts with the price of oil," said Hugh Johnson, chairman of Johnson Illington Advisors, after crude futures fell more than $US2 from record highs above $US60
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US Stocks Recovered On Oil Fall, Upbeat Consumer Report
US shares retraced overnight after oil prices slid from their record highs and an optimistic report...
US shares retraced overnight after oil prices slid from their record highs and an optimistic report was issued on US consumer confidence, brokers said.
The Dow Jones Industrial Average jumped 1.12 per cent (114.86 points) to 10,406.02 at the closing bell.
The Nasdaq composite rose 1.25 per cent (25.48 points) to 2,070.68.
"There's plenty of news that's upbeat and positive and it starts with the price of oil," said Hugh Johnson, chairman of Johnson Illington Advisors, after crude futures fell more than $US2 from record highs above $US60
"There's plenty of news that's upbeat and positive and it starts with the price of oil," said Hugh Johnson, chairman of Johnson Illington Advisors, after crude futures fell more than $US2 from record highs above $US60
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