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

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

#1 Postby cycloneye » Thu Mar 13, 2003 5:40 pm

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?
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#2 Postby JQ Public » Thu Mar 13, 2003 5:47 pm

Lets hope it continues
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#3 Postby Rob-TheStormChaser » Thu Mar 13, 2003 5:51 pm

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!
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#4 Postby cycloneye » Thu Mar 13, 2003 5:56 pm

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.
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#5 Postby wx247 » Thu Mar 13, 2003 7:24 pm

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.
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