Membership
Get unlimited digital access. Try it today for only $0.99.
Topics

JPMorgan Chase & Co.

Stocks climb as oil rebounds and bank shares rise

Stocks climb as oil rebounds and bank shares rise

A strong rebound in oil prices and an encouraging report on retail sales helped lift the U.S. stock market Friday, putting it on course for its first gain in a week. Financial and energy companies were among the biggest gainers. Oil was up more than 11%.

The Dow Jones industrial average had risen 226 points, or 1.5%, to 15,887 as of 1:54 p.m. Eastern time. The Standard & Poor's 500 gained 24 points, or 1.4%, to 1,853. The Nasdaq composite added 42 points, or 1%, to 4,309.

“Oil, which has been one of the most fickle, most volatile series that everybody's watching, is having a nice day,” said Tim Dreiling, regional investment director for the Private Client...

Loading
85°