Tuesday, 23 February 2016

Wall Street lifted by muscular oil rally but some still skittish

Daily Intraday Market latest update only at:- www.marketmagnify.com/aboutus.php

Wall Street surged on Monday, helped by a robust rally in oil prices that lifted recently crushed energy stocks, including Chevron and Schlumberger. As it has for months, Wall Street followed the lead of global oil prices in a trend that has left the S&P 500 down 5 percent so far in 2016, following a partial recovery last week.

Monday's stock gains were as broad as they were strong, with all 10 major S&P sectors finishing higher, but investors shell-shocked by this year's market turbulence remained wary.

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