Wednesday, May 14, 2008

Stocks End Higher On Lower-Than-Expected CPI

The Dow Jones Industrial Average rose 66 points (0.5%) to close at 12,898, the S&P 500 Index gained 6 points (0.4%) to 1,409, and the Nasdaq Composite advanced 2 points (0.1%) to 2,497. Crude oil lost $1.58 to $124.22 per barrel, and gold ended down $5.10 at $864.50 per ounce.

Magnificent Seven Update