Friday, November 11, 2005

NEW YORK (AP) — A continued slide in oil prices gave Wall Street a moderate advance yesterday, with earnings from Dell Inc. and a labor deal at General Motors Corp. feeding the gains. The major indexes ended the week more than 1 percent higher, their third straight winning week.

Volume was light with the Treasury market closed for Veterans Day and many traders taking the day off.

At the close of trading, the Dow Jones Industrial Average gained 45.94, or 0.43 percent, to 10,686.04, its highest close since Aug. 3. The Dow added more than 93 points in the previous session.

Broader stock indicators were also higher. The Standard & Poor’s 500 index was up 3.76, or 0.31 percent, at 1,234.72, and the Nasdaq composite index climbed 5.79, or 0.26 percent, to 2,202.47.

The U.S. government bond market was closed for the holiday. On Thursday, a record Treasury auction carried bonds sharply higher after falling to eight-month lows last week.

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