Wall Street advances as energy, bank stocks rally

Wall Street advances as energy, bank stocks rally
 

Wall Street rose after two days of losses on Wednesday after strong economic data boosted financial stocks and a surge in oil prices helped the energy sector.
A report from the Institute of Supply Management showed activity in the U.S. services sector saw a big rebound in September, after having slowed to more than a six-year low in the previous month.
The data raised the prospects of a U.S. interest rate hike in the near term and comes before a carefully watched non-farm payrolls report on Friday.
Oil prices rose above $52 - a level not seen since June - after data showed a... read more

 
5 October 2016 in World News, Views: 44
Source: Reuters
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