Wall Street extends rally
27-11-2008
US shares surged Wednesday as investors shook off gloomy economic news and extended a bargain-hunting rally begun this week. The Dow Jones Industrial Average climbed 2.9 percent to 8,726 at the closing bell, the fourth straight gain for the blue-chip index. The tech-heavy Nasdaq gained 4.6 percent and the Standard & Poor's 500 index added 3.5 percent. World oil prices rebounded. Light sweet crude for January climbed $3.67 to close at $54.44 a barrel on the New York Mercantile Exchange.
