(July 17, 2008)--Wall Street had its second straight big rally Thursday as tumbling energy prices and stronger-than-expected earnings reports gave investors a burst of optimism about the economy.
Crude oil prices fell more than $5 to less than $130, bringing their three-day slide to more than $15 a barrel.
Meanwhile, banker JPMorgan Chase & Co. and manufacturer United Technologies Corp. have issued earnings that topped expectations.
The Dow Jones industrial average was up about 207 points at the 11,446 level, bringing its two-day gain to more than 480 points.
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