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Retailers, banks spark holiday cheer

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Uploaded by on Nov 23, 2007

Nov. 23 - Wall Street surged in post-holiday trade as investors look for a strong shopping season for the retailers and hopes rise the banking sector will help ease the credit crunch. In an abbreviated session, The Dow jumped 181 points to 12,980. The S&P 500 rose 23 points to 1,440. The Nasdaq gained 34 points to 2,596. Crude oil prices jumped above $98 a barrel.

Speaker: Terry Lundgren, chief executive, Macy's Inc.

Conway G. Gittens reports from New York.

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  • terry lundgren is shrewder than brittney spears.

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