Financial stocks helped to lead the stock market
higher. The Dow gained more than 85 points to 12,848. The S&P rose
8 points, while the Nasdaq surged 23 and three-quarters points.
As the dollar strengthened against the euro,
crude edged lower. Light, sweet crude for June delivery fell $2.24
to settle at $116.06 a barrel on the New York Mercantile Exchange.
Here's a possible sign that credit conditions
may be improving a bit. The Federal Reserve says big investment
firms averaged 22.6 billion dollars in daily borrowing over the
past week. That marks the third straight week where the firms
borrowed less from the central bank.
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