Daily Business News
Tuesday, October 03, 2006
  Dow hits all-time high as oil drops below $59 (Reuters)

A trading board above the floor of the New York Stock Exchange lists the Dow Jones industrial average hitting an all-time closing high surpassing the previous record made in 2000 as investors bet that sliding crude oil prices will stimulate consumer spending and boost corporate profits even as the economy slows October 3 2006. (Chip East/Reuters)Reuters - The Dow Jones industrial average hit an all-time high on Tuesday surpassing the previous record set in 2000 as investors bet that sliding crude oil prices will stimulate consumer spending and lift profits.


 
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