Major U.S. stock-indexes rose on Thursday, with the S&P 500 reclaiming the key 1900 mark, as an early selloff in technology stocks fizzled and steadying oil prices boosted energy companies. The market has made multiple attempts at rallies this year, but concerns over China's economy, plunging oil prices and fresh global political concerns have stymied investors.
In corporate news, JPMorgan rose 2% on better-than-expected results, boosting the financial sector by 1,4%.
Almost all of Dow stocks in positive area (27 of 30). Top looser - The Home Depot, Inc. (HD, -1,71%). Top gainer - Exxon Mobil Corporation (XOM, 4.44%).
Almost all of S&P sectors also in positive area. Top looser - Conglomerates (-1,2%). Top gainer - Basic Materials ( 2,4%).
At the moment:
Dow 16241.00 185.00 1.15%
S&P 500 1904.25 22.75 1.21%
Nasdaq 100 4231.75 56.00 1.34%
Oil 31.19 0.71 2.33%
Gold 1080.50 -6.60 -0.61%
U.S. 10yr 2.08 0.02