Bargain hunting lifts tech led stock rally on Wall Street
Tech shares and small caps rallied in a moderate session as investors pursued bargains amid rate hike fears. The Nasdaq rose about 1.1 percent to 1931.35, the Dow topped 10,000 at 10,019.47, and the S&P 500 gained 0.8 percent to 1095.49 with defensive stocks lagging. Analysts cautioned that the move reflected caution and not lasting momentum as rate concerns persisted.
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Texas professors study link between biology and credit
Two University of Texas researchers examine how biology and psychology relate to financial risk taking and driving behavior, aiming to shed light on why credit scoring appears in auto insurance. Brockett notes the goal is understanding, not dictating insurer use. Texas insurers rely heavily on credit history for rates.
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Oil prices surge to 13 year high as OPEC output debated
Oil futures in New York close above 46 per barrel, the strongest since 198?0s, after Saudi calls for a 1.5 million barrel a day output rise to 25 million. Algerian minister Chakib Khelil warned of prolonged high prices amid Middle East tensions while other OPEC ministers doubted a rise. June Crude settled at 40.06, Brent at 37.36, with market readings showing limited spare capacity and tight gasoline stocks ahead of peak U.S. driving season.
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