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Good news from wall street as dow rally+269 and oil drops

Posted: Thu Mar 13, 2003 5:40 pm
by cycloneye
http://money.cnn.com/2003/03/13/markets ... /index.htm

Well at least for one day the stock market was way up and oil was way down as war appears not imminent as the diplomacy continues and the US delays the vote for next week.

Oil prices fell $1.78 to $36.00 a barrel on the same news but will this rally be of one day only or there will be more to add?

Posted: Thu Mar 13, 2003 5:47 pm
by JQ Public
Lets hope it continues

Posted: Thu Mar 13, 2003 5:51 pm
by Rob-TheStormChaser
There was an early morning report of the possibility of the market spiking like that today...oil dropping as well. Should be a one day deal but for the most part oil will continue to remain steady in the mid 30s. The market will have a downside on Friday..I can almost predict that one!

Posted: Thu Mar 13, 2003 5:56 pm
by cycloneye
Yes Rob always on fridays the market goes generally down with a few fridays that go in a moderate way up when good corporate news comes.

Posted: Thu Mar 13, 2003 7:24 pm
by wx247
Fridays are typically a down day on Wall Street like Cycloneye mentioned, especially when events in the world community are unsettled and a 2 day weekend can mean a lot of new developments.