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2008-08-28 00:00:34

WORLD MARKETS A rally in financial shares led stocks higher after surprisingly strong data on durable goods orders soothed some concern about the econ-omy. Energy shares also gained with oil, which rose for the third straight day on fears that Tropical Storm Gustav could interrupt oil and natural gas output. The Dow closed up 89.64 points- 0.79 per cent - at 11,502.5. (c) 2008 Independent, The; London (UK). Provided by ProQuest LLC. All rights Reserved.


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.