Author: 123jump.com Staff
123jump.com
Last Update: 4:02 PM ET May 16 2005

Oil dipped in the morning only to be recevered in evening but added fire to the rally that was feeding on merger news from UPS buying Overnite and America West may merge with US Air. The Loew's 36% jump in earnings was viewed by traders as positive and home buider stocks rallied on the positive sentiment on tomorrow's reports of housing starts and buidling permits for April.