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Multinationals soar on IBM results

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Uploaded by on Jan 14, 2008

Jan. 14 - U.S. stocks sprinted higher after better-than-expected preliminary results from IBM soothed profit jitters for those doing U.S. companies doing businss overseas.The Dow climbed 171 points to 12,778. The S&P 500 rallied 15 points to 1,416. The Nasdaq rose 38 points to 2,478. Gold hit a record $910 an ounce.

Conway Gittens reports from New York.

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  • Forget about the price of oil, it can't go up too high and the oil ministers all know it. Even if it got up to $300.00 a barrel, they who must drive will pay $5.00 a gallon to get to work. But if the price of gold makes any significant decline again in this lifetime and

    remains there too long. Oil can reach $1,000.00 a barrel but it will be purchased with toilette paper!

  • Hey, good news. Don't knock it.

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