Wednesday, 23 December 2015

Wall Street Rally Sends Dow Up 1 percent

Wall Street rallied across the board on Tuesday after oil prices recovered slightly and data showed that the US economy grew at a fairly healthy clip in the third quarter.

The Dow Jones industrial average ended 0.96 percent higher, with Caterpillar up 4.86 percent in its biggest one-day gain since October. 

Oil prices edged up from 11-year lows although persistent global oversupply concerns and tepid demand for heating oil remained in what is likely to be the warmest winter on record.

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