Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, April 18, 2006

In the Green Despite Black Gold Prices

Oil prices settled at an all-time high today, topping $70 a barrell. Not the best news for those traveling this summer. But the hard hit to the wallet was cushioned by a powerful rally today. Thanks to new hopes that rates will NOT be raised past the next Fed's meeting, the Dow jumped almost 195 points today - its largest gain in a year. And several earnings reports came out today, also a cause of the jump in the market. Here are listed several of the major reports, led by IBM. DJIA: +194.99 Nasdaq: +44.98 S&P 500: +22.32