Wall Street rises on oil drop, housing plan optimism
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/ap/20080722/capt.3ab8e68eba7d4efabcb7bee0de371b0f.earns_banks_wachovia_nyml206.jpg?x=93&y=130&q=85&sig=N9NY_WgP4_HycKZG9Fye6A--" align="left" height="130" width="93" alt="People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080723/bs_nm/markets_stocks_dc)Reuters - Stocks rose on Wednesday as financial
shares climbed on optimism about a rescue plan for mortgage
finance companies Fannie Mae and Freddie Mac and as the price
of oil fell.</p><br clear="all"/>
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