Stocks rise on improved outlook fuels market surge
General Motors lifted earnings guidance and Sun Microsystems earned a ratings upgrade, boosting morale on Wall Street. A strong housing report helped lift the Dow over 170 points to 10,145.71, its best close in six weeks, while the Nasaq and S&P rose as investors priced in improved outlooks despite lingering earnings and accounting worries.
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Crude oil futures end lower on NYMEX amid selloff
On Monday, front month April crude fell 59 cents to 20.48 a barrel at NYMEX as heating oil and gasoline futures slid, with March heating oil down 2.4 cents to 52.51 cents a gallon and March gasoline off 2.45 cents to 56.23 cents.
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