Reinvigorated Wall Street flirts with records again
Sunday, 17 June 2007
NEW YORK, June 16 (AFP): After a brief scare on inflation and interest rates, Wall Street has regained momentum and is flirting with new record highs as the market prepares for the upcoming corporate earnings season.
The market posted solid gains in the week to Friday, recovering from a bruising in the prior week when investors were roiled by a spike in bond yields.
The Dow Jones Industrial Average rallied 1.60 per cent in the week to 13,639.48, within 40 points of its all-time high hit earlier this month.
The market posted solid gains in the week to Friday, recovering from a bruising in the prior week when investors were roiled by a spike in bond yields.
The Dow Jones Industrial Average rallied 1.60 per cent in the week to 13,639.48, within 40 points of its all-time high hit earlier this month.