Abercrombie & Fitch Company

Stocks post tiny gains, building on Tuesday's jump

Stocks post tiny gains, building on Tuesday's jump

Stocks eked out tiny gains Wednesday as oil prices continued to recover and investors hoped the worst is over for the beleaguered energy industry. Telecommunications companies, which have climbed as the rest of the market has struggled this year, also rose.

Indexes wavered between tiny gains and losses for most of the day, then climbed steadily in the last 90 minutes of trading. Oil prices increased for the seventh time in eight days, an encouraging sign after many months of sharp declines.

Agribusiness giant Monsanto took its biggest loss in five years, hurting materials companies. But the market is at its highest levels since the first week...

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