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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 11268.77 +194.99
NASDAQ: 2356.14 +44.98
S&P 500: 1307.65 +22.32
AMEX: 1986.47 +26.76
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks surge to biggest one-day gain in a year
Wall Street surged Tuesday, with the marketâ?Ts main stock indexes chalking up
their biggest one-day jump in about a year, as investors welcomed minutes from
the Federal Reserveâ?Ts most recent policy-setting meeting, which suggested the
central bank is nearly done with raising interest rates.
http://msnbc.msn.com/id/3683270/
Oil prices spike, close at record high
Oil prices settled at a new high above $71 a barrel Tuesday as supply threats
around the world overshadowed a new report from OPEC forecasting weakening
global demand.
http://msnbc.msn.com/id/5612507/
Fed grapples with when to end rate hikes
Although most Federal Reserve policymakers last month believed that the end of
the central bank's nearly two-year rate-hike campaign was probably close at
hand, some raised concerns about the potential dangers of the Fed pushing up
rates too high, which could crimp the economy.
http://msnbc.msn.com/id/12372912/
Gas prices push up wholesale inflation
A big jump in gasoline prices pushed inflation at the wholesale level up in
March at the fastest pace in three months. Consumers are likely to be hit with
more bad news in coming months because oil prices have surged above $70 per
barrel.
http://msnbc.msn.com/id/12368959/
Skilling grilled by Enron prosecutor
Former Enron Corp. Chief Executive Jeffrey Skilling grew tense Tuesday when
challenged about whether a significant portion of the energy companyâ?Ts assets
and investments underperformed more than a year before Enron crashed in scandal
in late 2001.
http://msnbc.msn.com/id/12371440/
March housing starts fall sharply
The pace of U.S. housing construction slowed more than expected in March as
both the rate of starts and permits declined to their lowest levels in a year,
the government said on Tuesday in a report suggesting further cooling in the
market.
http://msnbc.msn.com/id/12369692/
China's Hu starts U.S. trip at Microsoft
China president Hu Jintao begins his U.S. trip on Tuesday with a tour of the
Microsoft campus in Seattle, a visit the company believes symbolizes the
beginnings of a sea change in Beijing on intellectual property rights.
http://msnbc.msn.com/id/12372586/
Bush chooses Portman as next budget director
President Bush on Tuesday nominated Trade Representative Rob Portman as the
White House budget director, turning to a Washington insider and longtime
friend as part of an effort to re-energize the administration and boost the
presidentâ?Ts record-low approval ratings.
http://msnbc.msn.com/id/12369121/
How often should I change motor oil?
ConsumerMan Herb Weisbaum weighs in on a slippery subject: How often should a
car's oil be changed?
http://msnbc.msn.com/id/12359794/
World Bank earmarks $500 million for bird flu
World Bank President Paul Wolfowitz, working with poor countries on programs to
thwart bird flu, said Tuesday that an outbreak of the disease would disrupt the
global economy besides costing a devastating loss of life.
http://msnbc.msn.com/id/12372374/
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