Housing relief on the way

(01:50) Report

Jul 23 - President Bush dropped opposition to a key housing rescue plan, which included a provision for Fannie Mae and Freddie Mac.

  • The Dow gained 29 points to 11,632.
  • The S&P 500 rose 5 points to 1,282.
  • The Nasdaq rallied 21 points to 2,325.
  • Crude oil fell $3.98 to settle at $124.44 a barrel.

    Conway Gittens reports from New York.

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