Trader Robert McQuade and specialist John McNierney, right, work on the floor of the New York Stock Exchange, Wednesday, Feb. 24, 2016. Stocks are opening lower on Wall Street, led by declines in energy companies and banks as commodity prices fall. (AP Photo/Richard Drew)

Richard Drew

Trader Robert McQuade and specialist John McNierney, right, work on the floor of the New York Stock Exchange, Wednesday, Feb. 24, 2016. Stocks are opening lower on Wall Street, led by declines in energy companies and banks as commodity prices fall. (AP Photo/Richard Drew)

Stocks post solid gains on rising oil prices


Associated Press

2 Comments | Leave a Comment

NEW YORK — A late-day surge pushed U.S. stocks sharply higher Thursday, propelled by a recovery in energy companies and bank stocks, which have been hit hard this year.

Investors were also encouraged by positive economic data, including improved orders for long-lasting goods that served as a sign that businesses were buying equipment and investing in their operations.

The Dow Jones industrial average rose 212.30 points, or 1.3 percent, to close at 16,697.29. The Standard & Poor’s 500 index rose 21.90 points, or 1.1 percent, to close at 1,951.70 and the Nasdaq composite rose 39.60 points, or 0.9 percent, to close at 4,582.20.

Stocks had been flat to slightly higher most of the day but added to their gains in the last hour of trading. The market — as it has done for weeks now — largely tracked the price of oil. U.S. crude oil closed up 92 cents, or nearly 3 percent, to $33.07 a barrel while Brent crude, the global benchmark, rose 88 cents, or 2.6 percent, to $35.29 a barrel.

“Oil and the stock market are going to keep moving in tandem like this until oil prices stabilize,” said Jeremy Zirin, chief equity strategist at UBS Wealth Management.

Bank stocks got a reprieve Thursday after several weeks of downward pressure. The financials sector was the biggest gainer in the S&P 500. Morgan Stanley rose 4 percent, Goldman Sachs rose 2 percent, while the big retail banks Bank of America, U.S. Bancorp and Citigroup were up more than 1 percent each.

Bank stocks have been hit hard this year on expectations that the Federal Reserve will now be reluctant to raise interest rates, which boost bank profits, and that low oil prices will continue to cause banks to write off energy loans.

“The fears about the banks are entirely about profitability. Investors were expecting the Fed to raise rates three to four times this year, now we are looking at maybe one interest rate hike,” Zirin said.

Orders to U.S. companies for long-lasting manufactured goods rose in January at the strongest pace in 10 months, the government said Thursday. A key category that tracks business investment surged by the largest amount in 19 months. The bigger-than-expected gains could be a sign of better days ahead for the nation’s beleaguered manufacturers.

The biggest gainer in the S&P 500 Thursday was, which jumped $6.90, or 11 percent, to $69.42 after the company issued an upbeat outlook for the year. Investors had been worried about the results of Salesforce after a competitor, Tableau, issued a dismal outlook earlier this month that caused its shares to drop nearly 50 percent, dragging down its competitors.

Both U.S. and European markets fared well despite a sharp drop in Chinese stocks overnight. The Shanghai composite fell 6.4 percent on renewed concerns about the country’s manufacturing sector and market liquidity.

Bond prices rose, with the yield on the 10-year U.S. Treasury note falling to 1.71 percent from 1.75 percent on Wednesday.

In other energy trading, heating oil rose 1 cent, or 1 percent, to $1.07 a gallon, wholesale gasoline rose 4.6 cents, or 4.5 percent, to $1.056 a gallon and natural gas fell 6.7 cents, or 4 percent, to $1.711 per 1,000 cubic feet.

In metals, gold fell 30 cents to $1,238.80 an ounce and silver fell 13 cents to $15.20 an ounce. High-quality copper fell 2.8 cents to $2.073 a pound.


yeezy adidas moncler

yeezy adidas moncler outlet oakley sunglasses christian louboutin outlet ugg uk nike trainers adidas jeremy scott uggs outlet rolex submariner cheap jordans polo ralph lauren outlet burberry outlet online ugg sale north face jackets michael kors outlet ralph lauren sale adidas yeezy boost ray ban sunglasses michael kors outlet 70% off cheap nfl jerseys canada goose canada air jordan 14 salvatore ferragamo adidas nmd birkenstock sandals mcm outlet jordan shoes birkenstock sandals polo ralph lauren adidas stan smith true religion michael kors uk cheap jordans michael kors outlet hermes bags moncler jackets mlb jerseys cheap the north face superdry uk adidas outlet burberry outlet canada goose outlet ugg outlet wholesale ray ban sunglasses michael kors canada mont blanc pens canada goose canada louis vuitton cheap mlb jerseys fitflops outlet ugg boots kate spade outlet michael jordan shoes coach factory outlet true religion burberry outlet ugg clearance ugg boots adidas trainers uk true religion outlet coach factory outlet coach factory outlet cheap nfl jerseys michael kors outlet clearance fitflops oakley sunglasses pandora charms cheap ugg boots ralph lauren uk kate spade outlet michael kors outlet ugg outlet cartier glasses the north face jackets burberry outlet true religion uk ralph lauren outlet ugg boots polo ralph lauren outlet louboutin shoes ralph lauren polo prada shoes nike air max uk michael kors tote handbags pandora jewelry north face outlet oakley sunglasses nike outlet mont blanc pens cheap nfl jerseys coach outlet michael kors handbags the north face louis vuitton outlet coach outlet christian louboutin ugg boots polo ralph lauren michael kors outlet giuseppe zanotti burberry outlet tory burch outlet ray ban sunglasses uk ralph lauren polo mulberry uk oakley sunglasses kate spade outlet coach outlet ray ban wayfarer coach outlet canada goose clearance fitflops uk kate spade outlet ugg australia cheap uggs oakley sunglasses uggs australia michael kors outlet michael kors handbags manchester united jersey carrera sunglasses discount nike coach outlet michael kors canada hermes belt outlet tory burch outlet ugg australia burberry uk ray bans fitflop sale dolce and gabbana sunglasses michael kors outlet clearance michael kors taschen coach outlet ray ban sunglasses christian louboutin uk polo ralph lauren michael kors taschen ralph lauren outlet mlb jerseys moncler jacket columbia outlet red bottom shoes kate spade handbags ugg boots clearance mont blanc pens adidas stan smith true religion jeans coach factory outlet dior sunglasses tommy hilfiger canada nike roshe supreme new york coach outlet supreme clothing uggs outlet adidas yeezy hermes handbags ugg sale coach outlet nfl jerseys oakley sunglasses new balance outlet michael kors outlet clearance coach outlet prada sunglasses michael kors outlet online coach purses adidas yeezy polo ralph lauren ugg australia coach outlet canada goose canada jordan shoes uggs outlet michael kors väska gafas ray ban adidas originals coach outlet mac cosmetics tory burch outlet nike factory outlet yeezy boost 350 kaufen canada goose sale louis vuitton outlet adidas yeezy boost 350 ugg boots on sale 70% off coach factory outlet fitflops ugg outlet pandora uk louis vuitton outlet coach factory outlet nike factory outlet ugg boots louis vuitton outlet coach outlet nba jerseys cheap oakley sunglasses coach canada ugg outlet true religion jeans north face outlet ralph lauren outlet longchamp outlet ralph lauren polo uggs outlet pandora jewelry ralph lauren canada goose coach bags ralph lauren outlet nhl jerseys uggs outlet mbt shoes michael kors bags oakley sunglasses true religion uggs clearance nike outlet tory burch uk michael kors handbags montre rolex pas cher rolex datejust vans shoes cheap jordans burberry outlet michael kors plånbok uggs outlet manolo blahnik shoes christian louboutin hermes birkin bag oakley vault nike huarache nike running shoes pandora charms polo ralph lauren armani sunglasses nfl jerseys wholesale salvatore ferragamo shoes uggs outlet north face clearance ugg slippers michael kors handbags adidas shoes michael kors outlet cheap jordan shoes michael kors uk coach outlet store online clearances uggs uk ugg australia ugg boots chaussures christian louboutin ray ban sunglasses ray ban canada ralph lauren uk cheap jordan shoes ugg boots ugg outlet occhiali ray ban rolex datejust ray ban sunglasses uggs canada ralph lauren pas cher moncler jacket christian louboutin outlet coach factory outlet ugg sale cheap ugg boots oakley sunglasses ralph lauren polo hermes outlet ugg boots coach outlet coach factory outlet cheap oakley sunglasses polo ralph lauren uk cheap nhl jerseys michael kors outlet air jordans ugg boots adidas outlet ugg outlet uggs classic boots polo ralph lauren outlet ugg australia ugg outlet online michael kors outlet michael kors handbags louis vuitton handbags louboutin shoes ugg on sale burberry outlet coach factory outlet polo shirts nfl jerseys oakley sunglasses adidas shoes ugg boots uggs outlet ugg outlet coach canada adidas trainers birkenstock outlet yeezy boost 350 ugg outlet michael kors outlet michael kors taschen fitflop sandals nfl jerseys michael kors outlet coach wallets michael kors taschen sale christian louboutin outlet true religion jeans ugg outlet ray ban sunglasses coach outlet ugg boots pandora rings fitflops sale clearance chelsea jersey air max nike outlet christian louboutin north face outlet coach outlet prada bags ray ban solglasögon nike air max uk ugg boots ugg boots ferragamo belt michael kors handbags tory burch outlet moncler uk polo ralph lauren polo ralph lauren ugg outlet store ray ban zonnebril ugg slippers air jordans moncler jacket kate spade outlet canada goose sale oakley vault uggs slippers snapbacks hats wholesale polo shirts coach outlet christian louboutin uk longchamp handbags ugg outlet prada handbags coach factory outlet nike blazer shoes cheap jordans fitflop shoes ray ban sunglasses converse outlet yeezy boost 350 uggs boots michael kors taschen ugg boots louis vuitton outlet ugg boots uggs on sale prada outlet uggs red bottom shoes ray ban sunglasses ray ban sunglasses uggs clearance ugg boots north face outlet 70% off north face jackets pandora jewelry 70% off ray ban sunglasses louis vuitton outlet michael kors outlet ugg boots clearance oakley sunglasses coach outlet fitflops sale clearance louis vuitton jordan retro nike huarache ray ban sunglasses louis vuitton ugg boots louis vuitton versace sunglasses pandora jewelry polo ralph lauren superdry uk true religion sale nike air max rolex watch cheap nfl jerseys oakley sunglasses nike outlet ugg boots ugg boots mulberry uk nike outlet store coach outlet adidas soccer cleats the north face coach outlet under armour outlet ugg boots longchamp outlet store swarovski jewelry canada goose canada ugg boots salvatore ferragamo outlet ray ban uk nfl jerseys north face jackets the north face outlet ugg outlet michael kors handbags ugg boots oakley canada coach outlet online ugg boots prada outlet mulberry uk michael kors outlet supreme uk adidas wings ugg boots ralph lauren outlet coach outlet cheap nfl jerseys longchamp outlet 20179.1wengdongdong

This pandora bijoux

This pandora bijoux circumstance flip flop was adidas shoes a dolphins jersey great mac make up consolation fitflop to nike air force us, new york jets jerseys who heat jersey thence kobe shoes took cartier love bracelet occasion fitflops to tory burch outlet claim ralph lauren outlet the beats headphones victory; spurs jersey and true religion jeans the oakley store genius nike uk of louboutin the adidas outlet French kobe 10 nation hollister uk never seahawks jerseys for sale appeared more conspicuous ugg outlet than michael kors outlet now, rolex watch in ugg boots uk the air max 95 rhodomontades tory burch outlet online they ed hardy clothing uttered on gucci handbags the chanel bag subject gucci bags of their tommy hilfiger outlet generosity rolex watches for sale and tennessee titans jersey courage. guess canada Every nike store man flip flops (by lebron shoes his cheap gucci own fitflops uk account) eyeglasses frames performed discount oakley sunglasses feats ferragamo shoes that lebron shoes eclipsed lebron 12 all oakley sunglasses the gucci handbags heroes of michael kors handbags antiquity. hollister One compared cheap oakley sunglasses himself guess outlet to lebron james shoes a tod's shoes lion jaguars jersey retiring at nike shoes leisure from yoga pants his mac makeup cowardly true religion pursuers, omega watches who mont blanc keep nike free at gucci shoes a timberland boots wary adidas outlet distance, mac makeup and ugg boots gall gucci shoes him roshe run with air jordan their lunette oakley pas cher darts. red bottom shoes Another flip flops likened guess himself kobe 9 shoes to ray ban a tommy hilfiger bear lebron 11 that burberry outlet online retreats michael kors pas cher with hollister his face dre beats to new balance football the jimmy choo outlet enemy, burberry uk who rolex replica watches dare five finger shoes not cartier assail toms shoes uk him; miami dolphins jersey and designer handbags the third mizuno wave assumed the oakley vault character of birkin bag a lebron 10 desperate nike air max 2015 stag, ugg boots clearance that turns fake rolex upon jeremy scott adidas the converse hounds christian louboutin uk and keeps michael kors them michael kors at burberry factory outlet bay. fitflop There oakley sunglasses cheap was 49ers jersey not adidas zx a jordan shoes private san francisco 49ers jersey soldier asics engaged ny giants jersey who raiders jerseys had nike mercurial superfly not panthers jersey by nike mercurial the vikings jerseys prowess air jordan of prada his oakley sunglasses wholesale single oakley sale arm united jersey demolished titans jersey a hilfiger uk whole love bracelet platoon, buccaneers jerseys or mercurial superfly put chicago blackhawks jersey a adidas zx flux squadron nike of lebron 12 horse browns jerseys to new balance uk flight; lebron 11 and, new balance outlet among houston texans jerseys others, the cartier love meagre cleveland browns jerseys Gascon sunglasses outlet extolled dolce gabbana his exploits new balance football boots above timberland those gucci belt of Balenciaga Hercules new york giants jerseys or jordan pas cher Charlemagne. swarovski As cheap nfl jerseys I tory burch outlet online still retained chanel handbags my north face jackets resentment black converse for seattle seahawks jerseys the new york knicks jersey disgrace nba jerseys I michael kors outlet online suffered guess shoes in louboutin my manchester united jersey last dallas cowboys jersey rencontre ugg boots with cheap oakley sunglasses him, new balance and, san francisco 49ers jerseys now oakley sunglasses that insanity I gucci watches the oakley sunglasses outlet thought myself ugg pas cher qualified, pandora uk longed ralph lauren polo for wedding dresses uk an new england patriots jersey opportunity gucci uk to bottes ugg pas cher retrieve nike outlet my gucci belt honour, wedding dresses I magnified converse shoes the valour clippers jersey of louboutin the kevin durant shoes English hermes uk with jimmy choo all dansko outlet the beats by dre hyperboles seahawks jerseys 2015 I could imagine, toms outlet and timberland described ralph lauren outlet online the kobe 9 pusillanimity blackhawks jersey of chiefs jersey the oakley pas cher French packers jersey in the michael kors handbags same style, new balance pas cher comparing uggs them to hares flying air max 2015 before greyhounds, louboutin outlet or mice lululemon uk pursued new orleans saints jerseys by michael kors handbags cats; polo outlet and michael kors uk passed cowboys jerseys an cleveland cavaliers jersey ironical tods shoes compliment detroit lions jerseys on the speed ugg australia he exerted cheap oakley sunglasses in flip flops uk his oakley sunglasses cheap flight, chicago bears jerseys which, mulberry uk considering beats by dr dre his toms shoes age uggs outlet and tiffany and co infirmities cheap jordans I louboutin shoes uk said oakley outlet was gucci handbags surprising. lunette ray ban pas cher He michael kors was eagles jerseys stung to michael kors outlet canada the oakley glasses quick louis vuitton uk by gucci outlet this uggs sarcasm, jimmy choo shoes and, tommy hilfiger with air max 90 an reebok shoes air converse uk of nike blazer pas cher threatening michael kors outlet online disdain, oakley vault bade jordan me ugg know nike pas cher myself chaussures louboutin better, and boston celtics jersey remember air max uk the ray ban sunglasses correction swarovski bijoux I hermes handbags had michael kors handbags already jordan retro received asics gel lyte from ray ban pas cher him flip or flop for james shoes my insolence; mulberry for he adidas originals might jordan not polo ralph lauren always tiffany be uggs outlet online in mac cosmetics uk the uggs humour hermes of christian louboutin outlet sparing nike huarache a beats solo wretch who michael kors outlet online abused michael kors his ray ban sunglasses goodness. new balance trainers To burberry this saints jerseys inuendo oakley sunglasses I burberry outlet made m a c cosmetics no ferragamo belts reply adidas superstar but by kobe ix a kick lebron 10 on air jordans the breech, steelers jersey which jerseys from china overturned eagles jersey him in christian louboutin an hollister clothing instant. insanity workout He mac uk started new balance shoes up nike air max with wonderful michael kors agility, jordans and, ray ban sunglasses outlet drawing new balance 574 his new balance shoes sword, eyeglass frames attacked burberry outlet online me replica watches with michael kors great converse uk fury. wedding dresses Several lebron shoes people kobe x interposed, burberry outlet but, chicago bulls jersey when nike roshe run he ray ban informed them sac michael kors of seahawks jersey its converse sale being marc jacobs an affair of adidas uk honour, patriots jersey they retired, pandora and mac makeup uk left mac make up us to cardinals jersey decide air max the lebron 11 battle replica rolex by hollister ourselves. north face I rams jersey sustained mac cosmetics his onset with beats headphones little chanel damage, having tommy hilfiger only fivefingers received nike blazer a small scratch dansko shoes on <a href="

Add comment

Login or register to post comments