Dow climbs as oil price falls
17/08/2005 - 22:03:18Stocks climbed on Wall Street today on plunging oil prices and an upbeat outlook from Hewlett-Packard.
But inflation concerns capped the day’s rise, as US government figures showed wholesale prices for July increased by the largest amount in nine months thanks to higher oil prices.
The Dow Jones industrial average rose 37.26, or 0.35%, to 10,550.71.
Broader stock indicators also rose. The Standard & Poor’s 500 index rose 0.90, or 0.07%, to 1,220.24, and the Nasdaq composite index rose 8.09, or 0.38%, to 2,145.15.
