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Larry Ellison
Stocks gain as energy sector extends rebound
Stocks gain as energy sector extends rebound

U.S. stocks opened higher as the energy sector continued to rebound along with the price of oil. Oracle surged after reporting strong earnings. KEEPING SCORE: The Standard & Poor's 500 index gained 25 points, or 1.3 percent, to 2,038 as of 9:47 a.m. Eastern. The Dow Jones industrial average rose 222 points, or 1.3 percent, to 17,579. The Nasdaq composite rose 61 points, or 1.3 percent, to 4,706. FED SPARK: Stocks are building on a rally that was driven by steadying oil prices and comments from the Federal Reserve Wednesday after its last policy meeting of the year. Stocks surged after the Fed said that while it was edging closer to raising interest rates from close to zero, it...

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