4:20 pm : A broad-based rally, spurred by tame inflation data, supported by strong earnings and exacerbated by upbeat Fed commentary overshadowed record oil prices, lifted virtually every industry group and closed the indices with their best one-day gains in several months. Further, above-average volume provided even more conviction behind's today's widespread move to the upside.
However, one could argue that some short covering activity ahead of options expiration also played a hand in today's stellar performance as concerns about rising energy and commodity prices continue
On Your Mark Checking your heart rate is a good way to measure your workout intensity, but do it right for more accuracy.
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General Health Tip
Don't Forget the Raisins... People who eat fruit frequently have a lower risk of developing high blood pressure, heart disease and several cancers. Three servings a day -- a half-cup of sliced fruit, 3/4 cup of juice (6 oz.) and/or a 1/4 cup of dried fruit -- keeps you on a healthy path.
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NATALEE'S UNCLE SAYS 'RE-ARREST DEEPAK!'
Natalee Holloway's uncle is demanding that suspect Deepak Kalpoe be re-arrested in the 10-month-old mystery of the pretty blonde honor student who disappeared in Aruba. Deepak, his brother Satish and Joran van der Sloot were with the Alabama teen, pictured center, when she was last seen leaving a bar on the island in the early hours of May 30. Her uncle Paul Reynolds told The National Enquirer that he believes Deepak, 21, should be the chief suspect instead of van der Sloot, 18. Reynolds also... •STAR JONES CHEATS DEATH AS SHE UNDERGOES PLASTIC SURGERY •A WILD NIGHT OUT FOR JESSE & HIS PARTY PAL LINDSAY
Star Magazine
KATIE HOLMES: FEARING FOR HER TOMKITTEN
Katie Holmes was already worried about the upcoming birth of her baby. According to the tenets of 43-year-old fiancé Tom Cruise's religion, Scientology, she'll have to be silent (not even a moan!) during the delivery, lest the trauma be imprinted in her baby's brain. Plus, a source says, "Only Tom and a few Scientology supporters will be in the room — not Katie's mother!" And Scientology advocates separating the baby from its mother for at least the first 24 hours after birth. Now... •IT'S OVER! KRISTIN CHEATS ON NICK WITH HER EX! •ANGELINA PILOTING HER PLANE AT 7 1/2 MONTHS: IS SHE CRAZY?
Bush won't exclude Iran nuke strike Members of Iran's Basij militia take part in the Army Day military parade in Tehran, Iran April 18, 2006. (Morteza Nikoubazl/Reuters)
2:44 pm PT New York Times raises quarterly dividend to $0.175 from $0.165 (NYT) 25.34 +0.32 : �
2:29 pm PT Market Internals : The Dow was up 1.76%, closing at 11269, the Nasdaq rose 1.95% to close at 2356, and the S&P ended its session at 1308, up 1.74%.� Leading sectors included: Trading�comp and distributors sub +5.41%, Diversified metals and mining +5.30%, Human resources and empl srvs +5.20%, Steel +4.55%, Homebuilders +4.42%.� Lagging sectors included: IT consulting and srvs -2.30%, Mang'd health -1.44%, Casino and gaming -0.82%, Healthcare -0.36%, Footwear -.07%.� Today's action came on�higher than average volume�(NYSE 1842/1584; Nasdaq 2278/2007), with advances leading declines (NYSE 2590/714; Nasdaq 2194/861), and with new hi's beating new lo's (NYSE 274/141; Nasdaq 208/47).
2:25 pm PT Westlake Chemical and Trinidad and Tobago announce Memorandum of Understanding (WLK) 32.98 +0.76 : Co and the Govt of the Republic of Trinidad and Tobago�announce that the parties have entered into a Memorandum of Understanding for WLK to develop an ethane-based ethylene, polyethylene, and other derivatives project in that country.
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