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To a rap of mostly economic data. The strongest pace of productivity growth in a year and a half. Along with a drop in labor costs. The private adp survey of job growth was steady and that also helped a bit. Add to that the feds view that the economy is growing and you had a recipe for a stock bounce. By the close, the Dow Jones Industrial average rose 293 points. To 16,351. The nasdaq rose 113, and the s p 500 add 35. Bob delves a little deeper into the rally. Reporter the markets started up and stayed up. Why was there a rally . China was relatively quiet. Then oil rallied in the middle of the day which was a surprise. The weekly inventory report showed another bill. The oil rally helped oil names like exxonmobil. The icing on the cake came in the last halfhour when the dow rallied an additional 100 points. Unlike some days in the last couple weeks, there were no orders to sell stocks at the close. In the middle of the day ....
Inverell withstand late Quirindi surge to clinch first win for 2024 | The Inverell Times inverelltimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inverelltimes.com.au Daily Mail and Mail on Sunday newspapers.
Read about Inverell's thrilling win over Quirindi as the Highlanders secure their first victory of the season. Exciting rugby action and highlights. ....