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Old 08-08-2008, 08:23 AM  
DateDoc
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Crude Oil Hits 3 Mos. Low!

NEW YORK (MarketWatch) -- U.S. stocks rose sharply in morning trade Friday, adding on to earlier gains as the dollar continued to rally and crude oil prices fell to three-month lows. Crude oil for September delivery was last down $3.42 at $116.60 a barrel, near three-month lows, fueling a broad rally in consumer-related stocks. The Dow Jones Industrial Average ($INDU:11,623.99, +192.56, +1.7%) gained 202 to 11,633, with all but one of its 30 components advancing. The S&P 500 index ($SPX:1,283.67, +17.60, +1.4%) rose 17.25 points, or 1.4%, to 1,283, while the Nasdaq Composite (COMP:2,393.64, +37.91, +1.6%) gained 38 points, or 1.6%, to 2,393.

http://www.marketwatch.com/news/stor...=TQP_Mod_mktwN
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