Tuesday, April 3, 2007

US STOCKS-Dow rises 1 percent on lower oil, data

(Reuters) - NEW YORK, April 3 - U.S. stocks advanced on Tuesday, helped by lower oil and a report that suggested the housing market was stabilizing, easing concerns about fallout from the subprime mortgage troubles.

The Dow industrials rose 1 percent. Stocks opened higher on a drop in crude oil prices, sparked by signs Britain and Iran were moving closer to a diplomatic solution to the fate of British naval personnel held in Iran. For details, see [ID:nL03673773].


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