The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: Major U.S. stock indexes rose Thursday afternoon, on pace for their first gain in three days, as shares of energy companies climbed.
Shares of Exxon Mobil , Hess , Phillips 66 and other energy companies surged in the aftermath of an attack on two oil tankers on one of the world’s busiest energy-shipping routes. The incident sent oil prices sharply higher on fears of a possible trade disruption, boosting energy stocks, which have struggled this quarter.
The S&P 500 was up 0.41%, with energy stocks rising 1.2%, leading the broad index higher after back-to-back sessions of losses.
The Dow Jones Industrial Average added 101 points, or 0.39%, to 26106 in recent trading, while the Nasdaq Composite gained 0.57%.
Shares of Exxon Mobil added nearly 1%, helping to lift both the Dow industrials and the S&P 500. Other gainers included Hess, up 3.1%, and Phillips 66, which rose 2.7%.
Still, energy stocks remain down 8% so far this quarter, worse than any other sector in the broad index, following a multiweek slide in oil prices.
Overall, major U.S. indexes have risen at least 1.4% over the past four sessions, setting the Dow, S&P 500 and Nasdaq up for a second consecutive week of gains following a multiweek slide. Optimism over a potential interest-rate cut by the Federal Reserve has been fueling the rebound, which got a boost Thursday following data showing a slight rise last week in the number of Americans applying for first-time unemployment benefits.
Initial jobless claims, a measure of how many workers were laid off across the U.S., increased 3,000 to a seasonally adjusted 222,000 in the week ended June 8, the Labor Department said Thursday. Economists surveyed by The Wall Street Journal had expected 215,000 new claims.
Elsewhere, stocks rose in Europe, following mixed trading in Asia. The Stoxx Europe 600 added 0.2%, while stocks in Shanghai and Shenzhen posted modest advances. Japan’s Nikkei fell 0.5% and Hong Kong’s Hang Seng declined 0.1%.
Regards,
Ted
MarketWatch:
https://www.marketwatch.com/story/stock-futures-point-to-higher-start-for-wall-street-after-back-to-back-losses-2019-06-13/printWSJ:
https://www.wsj.com/articles/global-stocks-edge-up-amid-questions-on-fed-policy-11560414977Bloomberg:
https://www.bloomberg.com/news/articles/2019-06-12/asia-stocks-to-track-u-s-drop-treasuries-gain-markets-wrapIBD:
https://www.investors.com/market-trend/stock-market-today/nasdaq-today-rises-small-cap-stocks-shine/CNBC:
https://www.cnbc.com/2019/06/13/stock-market-wall-street-monitors-ongoing-trade-tensions.htmlReuters:
https://www.reuters.com/article/us-usa-stocks/wall-st-higher-as-oil-surges-after-tanker-attacks-in-gulf-of-oman-idUSKCN1TE1M5U.K:
https://uk.reuters.com/article/uk-britain-stocks/oil-majors-lift-ftse-100-peltz-stake-thrusts-ferguson-higher-idUKKCN1TE0U4Europe:
https://www.reuters.com/article/us-europe-stocks/european-shares-back-in-black-after-telecoms-surge-idUSKCN1TE0TEAsia:
https://www.marketwatch.com/story/asian-markets-fall-led-by-hang-sengs-slide-2019-06-12/printBonds:
https://www.cnbc.com/2019/06/13/us-treasury-yields-tick-lower-as-trade-tensions-continue.htmlCurrencies:
https://www.cnbc.com/2019/06/13/forex-market-russia-gas-pipeline-fed-rate-cut-bets-in-focus.htmlOil:
https://www.cnbc.com/2019/06/13/oil-jumps-more-than-3percent-on-reports-of-tanker-incident-in-the-gulf-of-oman.htmlGold:
https://www.cnbc.com/2019/06/13/gold-market-fed-rate-cut-bets-us-china-trade-war-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
