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8 Jan 2015
Wall Street posted solid gains amid stable oil prices
FXStreet (San Francisco) - US stocks rallied for the second-straight day and closed near to highs of the session as investors welcomed the stable oil prices and dovish comments from Fed's Evans that a rate hike is not needed until 2016.
Market players were in the buy mode and Wall Street made its best day in three weeks. All 30 companies in the Dow closed positive. Benchmarks turned higher for the year.
All sectors finished Thursday up for the day. Best performer was the Information Technology with 2.21% gains. Energy shares enjoyed steady oil prices and posted 2.14% gains. Health Care rose 1.87% on the day.
The Dow Jones Industrials rose 1.84% to finish the day at 17,907.87; the S&P 500 advanced 1.79% to 2,062.13; while the Nasdaq Composite closed 4,736.19 after climbing 1.84% on the day.
It is said that never underestimate the power of the American consumer. He is always back. And Apple knows it. The Computer giant closed its best day sin April after reporting that App Store sales rose 50% in 2014. $AAPL shares climbed 3.84% to $111.89.
On related markets, oil crude rose 0.67% to $48.98; Gold dropped 0.27% to 1,207.40; while Treasurys declined on the day. EUR/USD closed below the 1.1800 level.
Market players were in the buy mode and Wall Street made its best day in three weeks. All 30 companies in the Dow closed positive. Benchmarks turned higher for the year.
All sectors finished Thursday up for the day. Best performer was the Information Technology with 2.21% gains. Energy shares enjoyed steady oil prices and posted 2.14% gains. Health Care rose 1.87% on the day.
The Dow Jones Industrials rose 1.84% to finish the day at 17,907.87; the S&P 500 advanced 1.79% to 2,062.13; while the Nasdaq Composite closed 4,736.19 after climbing 1.84% on the day.
It is said that never underestimate the power of the American consumer. He is always back. And Apple knows it. The Computer giant closed its best day sin April after reporting that App Store sales rose 50% in 2014. $AAPL shares climbed 3.84% to $111.89.
On related markets, oil crude rose 0.67% to $48.98; Gold dropped 0.27% to 1,207.40; while Treasurys declined on the day. EUR/USD closed below the 1.1800 level.