Author: 123jump.com Staff
123jump.com
Last Update: 6:11 PM EDT September 26 2007

Stocks in New York trading closed higher afer General Motors and its labor union agreed on preliminary details of healthcare fund. GM is likely to seed the fund with cash and securities worth more than $30 billion and potentially remove the liability of future expenses from its books. In economic news August durable spending fell 4.9%. Tech and financial stocks rallied in New York and Europe. Asian markets closed higher. Oil recovered and gold and copper fell. India closed record high.