In spite of a surge in oil prices and a mixed batch of company earnings early in the session, Wall Street stocks closed higher yesterday, as the market responded positively to the US Federal Reserveâs decision to keep its target for the federal funds rate at 5.25 %, earnings are going to be critical as a slowing economy is not going to lift all boats. The stock market and bond market have been pricing in the assumption that the economy is going to slow to a sustainable rate and inflation is going to continue to decline, Energy shares led the rally as crude oil rose the most in seven months. ConocoPhillips, the third-largest U.S. oil company, exceeded analysts' estimates. An industry report showed that the housing market continues to cool, driving the economic slowdown. According to the market research in US it showed home resaleâs fell 1.9 % in September to the lowest level in almost three years.