Tuesday, April 3, 2007

US STOCKS-Shares rally as oil price retreats

(Reuters) - NEW YORK, April 3 - U.S. stocks rose sharply on Tuesday as a drop in oil prices calmed worries about inflation and news of an unexpected rise in February pending home sales boosted hopes the housing market could be stabilizing.

The Standard & Poor's 500 index rose 1 percent and was up 1.45 percent for the year to date.


Read more at Reuters.com Bonds News

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