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instead of the more severe option of raising interest rates. that helped oil companies like chevron and mining related companies like caterpillar drive the dow higher. the nasdaq saw an eight-day winning streak end but apple still closed slightly higher up 53% for the year. one spot on wall street was red hot. mergers and acquisitions. general electric, the current owner of this network rose after confirming it would buy british oil field services company wellstream holdings for $1.3 billion. dell fell almost 4% after sweetening its cash offer for network storage company compe compellent and they rememberofisher buys die joenex. yahoo! will lay off 5% of its workforce as early as today. elsewhere, moody s warned due to the increased debt it would bring on if president

Oil companiesInterest ratesDow higherGeneral electricWall streetWellstream holdingsNetwork roseOil fieldRed hot3 billion1 3 billionCash offerNetwork storage companyCompe compellentMoody s