Oil, Transport Send Dow Up 97

By Harry Kimball,  Newser Staff
Posted May 29, 2009 3:16 PM CDT
Oil, Transport Send Dow Up 97
A pair of traders get together on the floor of the New York Stock Exchange.   (AP Photo)

Markets tacked on solid gains today, with the Dow and S&P 500 up for a third consecutive month, the Wall Street Journal reports. Oil was up to a 6-month-high, as were transport stocks on hopes of orders. “There are signs things are being transported,” a manager said. The Dow was up 96.53 to 8,500.33. The S&P gained 12.31 to 919.14. And the Nasdaq added 22.54, ending at 1,774.33.

For the week, the Dow gained 2.51%, the S&P rose 3.47%, and the Nasdaq tacked on 4.66%. (More US dollar stories.)

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