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Stock market snaps 5-day losing streak as energy shares rise
Stock market snaps 5-day losing streak as energy shares rise

A surge in oil and gas companies pulled the stock market out of a five-day slump on Friday, as the price of crude swung higher. Oil prices jumped after the International Energy Agency predicted drillers would cut production this year. Exxon Mobil, Chevron and other energy companies led all 10 sectors of the Standard & Poor's 500 index to gains, climbing 3%. Oil's seven-month slide had cut its price by more than half. “Lower oil prices on the whole are supportive of economic growth worldwide,” said Jason Pride, director of investment strategy at Glenmede Trust. “They're very helpful for Japan, Europe, China and India. It's clearly a good...

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