Wall Street ends higher on Cisco outlook, oil drop
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| Posted
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Wed, 06 Aug 2008 20:10:04 GMT |
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Reuters |
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US (Business) |
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NEW YORK (Reuters) -Stocks ended higher on Wednesday, building on the previous day's big gains, as a further drop in oil prices and a reassuring outlook from Cisco Systems overshadowed persistent credit concerns.According to the latest available data, the Dow Jones industrial average <.DJI> ended with gains of 40.38 points, or 0.35 percent, at 11,656.15, while the Standard & Poor's 500 Index <.SPX> rose 4.38 points, or 0.34 percent, to 1,289.26. The Nasdaq Composite Index <.IXIC> climbed 28.54 points, or 1.21 percent, at 2,378.37.(Reporting by Walter Brandimarte; Editing by Leslie Adler)
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