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Stocks surge after drop in oil eases worries about Fannie Mae loss; Dow jumps 300 By TIM PARADIS AP Business Writer NEW YORK August 8, 2008 (AP) Stocks soared on Friday, buoyed by dropping oil prices and a strong dollar. Wall...
US stocks advance as oil prices decline : Stocks rebounded Friday from a sell-off a day earlier as a sharp drop in oil prices eased worries over a quarterly loss from mortgage finance company Fannie Mae that was more than...
NEW YORK (Reuters) - U.S. stocks rallied on Friday, with the Dow and the Nasdaq gaining more than 2 percent, as a sharp decline in oil prices reduced inflation fears and improved prospects for stronger business and consumer...
NEW YORK -- Stocks headed for a mixed open Friday after mortgage finance company Fannie Mae posted a second-quarter loss that was more than triple what Wall Street expected and warned it would slash its dividend by about 85...
NEW YORK (Reuters) - The 20 percent slide in oil prices from their record high in the past month overshadowed news of a steeper-than-expected quarterly loss by home finance company Fannie Mae (FNM.N), fueled by rising home loan...
Published: Aug. 8, 2008 at 4:23 PM (UPI Photo Files/Monika Graff) NEW YORK, Aug. 8 (UPI) -- Major U.S. stock indexes jumped more than 2 percent Friday afternoon as oil prices dropped more than $5 to $115 per barrel in New York....
