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Jul.17
2:19 PM ET
Thursday, 17 Jul 2008
Market Rally: Look Who's Doing Well
Posted By:Bob Pisani
Topics:Investment Strategy | Stock Market
Companies:Lennar Corp | Marriott International Inc | Lowe's Companies Inc | General Motors Corp
Stocks have rallied just after 1 pm ET as oil broke through the lows of yesterday ($132). Oil is now down 11 percent from its intraday high last Friday.
The overall market rallied, but in particular consumer discretionary stocks (retailers, autos, home builders) rallied. Good examples: General Motors [GM
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()
](up 9.6 percent), Marriott [MAR
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()
](up 7.9 percent), Lennar [LEN
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()
](up 6.6 percent), Lowe's[LOW
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] (up 4.8 percent).
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