Stocks gain back much of yesterday's loss - Spokane, North Idaho News & Weather KHQ.com

Stocks gain back much of yesterday's loss

NEW YORK, N.Y. - Stock prices have mounted a recovery from yesterday's worst-ever point drop in the Dow. The Dow finished the day with a gain of about 500 points, after losing more than 777 points yesterday.

Like the stock market, oil prices are on the rebound. They have topped $100 a barrel today. Light, sweet crude for November delivery rose more than $3 to $100 a barrel on the New York Mercantile Exchange.

An official with the Conference Board says the improvement reported today in the group's consumer confidence index may not stand, once the impact of the tumultuous past few days is captured by next month's report. The monthly index rose to 59.8 from a revised 58.5 in August. Confidence is now about half what it was a year ago.

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