US STOCKS-Market up as oil slips, financials cut losses
June 30th, 2008 | by admin |(Updates with oil falling, financial shares paring losses)
NEW YORK, June 30 (Reuters) - U.S. stocks rose on Monday asoil prices slipped and the broad market’s descent to March lowsdrew bargain hunters, helping financial shares to pare losses.
U.S. front-month crude CLc1 dropped 14 cents to $140.09 abarrel, pulling back from a climb that took it to a record$143.67 a barrel.
The Dow Jones industrial average .DJI rose 73.04 points,or 0.64 percent, to 11,419.55. The Standard & Poor’s 500 Index.SPX gained 9.81 points, or 0.77 percent, to 1,288.19. TheNasdaq Composite Index .IXIC added 7.64 points, or 0.33percent, to 2,323.27. (Reporting by Ellis Mnyandu, Editing by Kenneth Barry)
