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Wall Street ends higher on Cisco outlook, oil drop

Posted : Wed, 06 Aug 2008 20:10:04 GMT
Author : Reuters
Category : 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)


(c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.



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