Banks and energy companies lead US stocks higher; oil rises
U.S. stocks moved higher in late-afternoon trading Thursday, on course to erase modest losses from the day before. Banks and energy companies accounted for most of the gains. Retailers also rose. Technology stocks lagged the most.
KEEPING SCORE: The Standard & Poor's 500 index rose 9 points, or 0.3 percent, to 2,688 as of 3:27 p.m. Eastern Time. The Dow Jones industrial average gained 88 points, or 0.4 percent, to 24,815. The Nasdaq composite added 12 points, or 0.2 percent, to 6,973. The Russell 2000 index of smaller-company stocks picked up 10 points, or 0.7 percent, to 1,550.
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