Friday, 15 January 2016

Energy leads Wall St rebound; S&P has best day since Dec


A rally in battered energy shares led US stocks to rebound on Thursday, while financials rose after upbeat results from JPMorgan Chase & Co. 

The S&P 500 registered its biggest daily percentage gain since December 4 and ended back above 1,900 in the heaviest volume day so far this year. 

Though the market finished off its highs for the day, analysts said some investors see a bottom in energy shares, which were among the most heavily sold shares in the market's rout that began at the start of the year.

 The S&P energy sector shot up 4.5 percent, its best percentage gain since late August.

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