Thursday 24 December 2015

On Wall Street, oil proffers modest Santa Claus rally

Wall Street rallied for the third consecutive session on Wednesday, propelled by sharp gains in energy stocks as a rebound in oil prices boosted sentiment heading into the Christmas holiday.

The S&P 500 finished 1.24 percent higher, bringing its gain this week to almost 3 percent following a soft start to December.


For 2015, the S&P 500 has emerged into marginally positive territory, up 0.26 percent while the Dow Jones industrial average is down 1.24 percent.


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