Friday, May 29, 2009

Wall Steet Rally on Friday

US stocks rallied on Friday -- the Dow Industrials soaring 96 points, the Nasdaq up 22 points and the S&P 500 up 12 points.

The major indices shot higher in the final hour of trading -- and CNNMoney.com reports that May's gains represent the first time that stocks have gained for three consecutive months since 2007.
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Crude oil futures rose to $66.20 a barrel -- a six-month high, almost doubling since the lows of just over three months ago.

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