Several major stocks — including Wal-Mart, Goldman Sachs, Bank of America and The Home Depot — rose today, putting Wall Street back in the economy's good graces for at least an evening.
From the article, which can articulate and present financial news much better than I can:
"Wal-Mart, the world's largest retailer, reported third-quarter profit surpassed projections and hinted that consumer spending might be stronger than anticipated this holiday shopping season. The results also showed that heavy discounting during the period did not hurt margins, which the company said bodes well for the fourth quarter.
A sharp pullback in energy prices also encouraged Wall Street. Oil prices plummeted after the International Energy Agency reduced its expectations for demand in the fourth quarter and next year and said crude supplies are growing. Light, sweet crude for December delivery fell $3.45 to settle at $91.17 a barrel on the New York Mercantile Exchange.
According to preliminary calculations, the Dow rose 319.54, or 2.46 percent, to 13,307.09."
That's all I got, but the holiday season should bring some light to the current economic downslide, so that might be good as well.
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