Stocks gain as oil slips

(01:51) Report

May 22 - Wall Street saw modest gains on Thursday as a steep drop in oil prices soothed raw inflation nerves.

  • The Dow saw a small 24 point rise to 12,625.
  • The S&P 500 gained 3 points to 1,394.
  • The Nasdaq rallied 16 points to 2,464.
  • Crude oil prices tumbled to $130.81.

    Conway Gittens reports from New York.

    SOUNDBITE: Maria Fiorini Ramirez, Chief executive, MFR Inc.

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