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Article: U.S. stocks climb in morning trading

Article from:
AP Worldstream
Article date:
June 7, 2006
Author:
Copyright

ELLEN SIMON, AP Business Writer
AP Worldstream
06-07-2006
Dateline: NEW YORK
Bargain hunters took to Wall Street Wednesday, buying up stocks after two days of down trading that had lopped more than 245 points off the Dow Jones industrial average.

With little economic data or corporate news, investors were nonetheless cheered by slightly lower oil prices, pushed down by hopes Iran might cooperate with world powers to curb its nuclear program.

The modest buying spree followed two sessions that took the Dow below 11,000 and pushed the Nasdaq composite index into the red for the year.

European markets were trading higher after their Tuesday swoon, but Asian stocks continued to tremble. The ...

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