Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
The Closing Bell: Wall Street Rally Fueled by Gains In Energy Stocks: Utilities Only Sector Down
FYI: U.S. stocks marched higher Wednesday, driven by gains in energy and financial shares.
Major indexes have advanced since last Thursday, with the Dow industrials and S&P 500 rising more than 2% in that period. The move higher has come as oil prices approach $50 a barrel and investors appear more comfortable with the prospect of higher interest rates as early as this summer. Regards, Ted WSJ: http://www.wsj.com/articles/stocks-rise-on-higher-oil-price-greek-debt-relief-deal-1464162811