Business Update: Bulls roar

March 04, 2009

U.S. stocks snapped a five-day losing streak with the rally fueled by optimism China may lead a global recovery. The Dow jumped 149 points to 6,875. The S&P 500 gained 16 points to 712. The Nasdaq rallied 32 points to 1,353. Oil prices rose sharply to $45.38 a barrel. Speaker: Sam Stovall, chief investment strategist, Standard & Poor's