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U.S. stocks Gain as Oil Retreats; HP Report

Paul Barnett Posted May 13, 2008 @ 11:45PM HKT
U.S. stocks Gain as Oil Retreats; HP Report

The S&P 500 Index added 15.3 points, or 1.1 percent, to 1,403.58. The Dow Jones Industrial Average increased 130.43, or 1 percent, to 12,876.31. The Nasdaq Composite Index rose 42.97, or 1.8 percent, to 2,488.49.

Clear Channel, banks, buyers in settlement talks

Clear Channel Communications Inc. and its prospective buyers are talking with banks to try to settle a dispute over whether the banks must fund promised loans for the $19.5 billion takeover, the radio... (12:25 AM HKT)

Crude falls after hitting new record above $126

Oil prices briefly spiked to a new record above $126 a barrel Monday but ended the day lower as investors cashed in profits and an earthquake in China raised the possibility of a drop in demand. (12:12 AM HKT)

Dollar gains on euro ahead of Fed officials' comments

The dollar was slightly higher against the euro on Tuesday, ahead of speeches from Federal Reserve who may shed light on the chances for further cuts in interest rates or a pause. (11:48 PM HKT)

Expert Analysis

The dollar was unable to sustain gains through the 1.54 level against the Euro on Friday and drifted weaker to lows around 1.5490 with the U...

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