Tuesday, January 30, 2007

Dow, S&P rise with oil, Motorola; SanDisk sinks

U.S. stocks rose on Tuesday as a 5.5 percent jump in oil prices to nearly $57 a barrel spurred a rally in the energy sector, while shares of Motorola Inc. gained after investor Carl Icahn said he will seek a seat on the board.

U.S. crude oil futures prices shot up nearly $3 a barrel on colder temperatures and an OPEC supply cut expected to go into effect on Thursday. Exxon Mobil Corp., up 1.6 percent, or $1.19, at $74.39, gave the biggest boost to the S&P 500 and ranked No. 2 among the Dow's advancers.


Read Full Article at Reuters South Africa

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