Wild day in the pits — DJIA up 213.97, Nasdaq up 46.80 (and over its 200 day moving average!). Crude oil up over $6 intraday, closing up $5.49 to $127.90.
Blame ECB chair Trichet, whose hawkish inflation pronouncements helped tank the greenback and send oil soaring.
In the battle of the Central Bankers, its Trichet 3, Bernanke 0
UPDATE: June 6, 2008 5:48am
See this Bloomberg story, Trichet Leads Shift From Growth to Beating Inflation