Stocks rallied for a second session Wednesday, pushing to four-month highs
Sep. 13, 2006

Stocks rallied for a second session Wednesday, pushing to four-month highs even as oil prices showed a slight rebound after seven days of losses.

Although oil prices rose 21 cents to $63.97 a barrel on the New York Mercantile Exchange after the Department of Energy reported crude inventories fell more than expected last week, investors remained optimistic that the recent drop in oil would boost consumer spending and corporate profits. Hugh Johnson, chairman and chief investment officer of Johnson Illington Advisors, said he was encouraged by a rise in technology stocks as well as small-company stocks in recent days.

Soaring global oil prices sent the U.S. trade deficit to an all-time high
Media Release
Soaring global oil prices sent the U.S. trade deficit to an all-time high, and Democrats hoping to take control of Congress said the figures showed Republican policies have failed.
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HP chair Dunn to leave post after spy scandal
Grace Wong - CNNMoney.com staff writer
Hewlett-Packard announced a shakeup of its board Tuesday in the wake of its controversial leak investigation, but the company's problems are far from behind it.
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The possibility fo the October melt down just like 1987 is real again
Sam Adelton
Stagflation and slow consumer spending are making market ready for October crash again - Dow Ends Down 36, Nasdaq Closes Down 16
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The slowdown in the once-sizzling housing market is spreading
Media Release
The slowdown in the once-sizzling housing market is spreading, with 28 states and the District of Columbia reporting spring sales declines, led by big drops in former boom areas of Arizona, Florida and California.
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Dow industrials and S&P 500 give back almost all gains as oil prices stem losses but Nasdaq holds on
Media Release
A morning mega-rally turned into a small tech advance Monday as a broad advance petered out by the close, with only the Nasdaq holding on to gains.
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Disagreement between union and bankrupt auto parts maker raises the possibility of strikes
Media Release
Such strikes could quickly hamper production at GM, potentially costing it billions of dollars while it is deep into its own restructuring plans.
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Fed finally pauses rate hikes
Media Release
Chairman Ben Bernanke and his colleagues appear ready to call a halt to the longest unbroken stretch of Fed interest rate increases in recent history, providing at least temporary relief to millions of consumer and business borrowers.
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US raised its forecast for the average price of oil in August by $3 a barrel, citing July's heat wave and decreased production from the closure of BP's oilfield
Media Release
The Energy Information Administration (EIA), the numbers arm of the Energy Department, estimated in its monthly energy forecast that oil is expected to average $76.50 a barrel in August, up from its prior forecasts of $73.50.
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