8/14/08 Market Ends 2 Day Slide with Drop in Oil

The market rallied today with the Dow closing at 11,615.93 up 82.97 while the S&P closed at 2453.67 up 25.05. NASDAQ gained 25.05 to close at 2453.67. The main driver in todays rise was oil closing at 115.01 per barrel down .99 due to decreased demand. The financial sector had a good day driven by Fannie Mae and Freddie Mac. Walmart continued to lead the retail sector. That is it today from the sunshine state.