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3 Feb 2015
US stocks closed at highs after recovering more than half of January losses
FXStreet (San Francisco) - Wall Street cheered the oil rally, the good news from Greece and falling USD and closed at highs of the day after advancing for second day in a row.
The Dow rose more than 300 points on the day; while the Nasdaq broke above the 4,700 level and the S&P closed above 2,050. Major averages have already recovered more than half of January losses in the last two days.
All sectors finished Tuesday up for the day. Energy shares led the market with a 3.30% jump in the day; followed by Materials (+2.47%) and Financials (1.97%). Small caps in the figure of the Russell 2000 climbed 1.83% on the day to close at 1,196.99.
The Dow Jones rose 1.76% to finish the day at 17,666.40; the S&P 500 advanced 1.44% to 2,050.03; while the Nasdaq Composite won 1.09% to 4,727.74.
Big winners on the day were BHP Billiton $BBL (+5.79%); Royal Dutch Shell $RDS.A (+6.45%); and Twitter $TWTR, that announced a new advertising distribution program with the participation of third-party mobile apps and websites. (+6.22%).
Laggards were National-Oilwell Varco $NOV (-4.10%); and American Airlines $AAL (-2.50%), that was suffering from higher fuel prices concerns.
On related markets, oil prices surged 5.9% to close at $52.23 after performing its biggest winning streak since Jan 2009; Gold declined 1.25% to $1,260.90.
The USD dollar declined on Tuesday as investors bet for higher yielders assets amid risk appetite. Euro was the winner of the day.
The Dow rose more than 300 points on the day; while the Nasdaq broke above the 4,700 level and the S&P closed above 2,050. Major averages have already recovered more than half of January losses in the last two days.
All sectors finished Tuesday up for the day. Energy shares led the market with a 3.30% jump in the day; followed by Materials (+2.47%) and Financials (1.97%). Small caps in the figure of the Russell 2000 climbed 1.83% on the day to close at 1,196.99.
The Dow Jones rose 1.76% to finish the day at 17,666.40; the S&P 500 advanced 1.44% to 2,050.03; while the Nasdaq Composite won 1.09% to 4,727.74.
Big winners on the day were BHP Billiton $BBL (+5.79%); Royal Dutch Shell $RDS.A (+6.45%); and Twitter $TWTR, that announced a new advertising distribution program with the participation of third-party mobile apps and websites. (+6.22%).
Laggards were National-Oilwell Varco $NOV (-4.10%); and American Airlines $AAL (-2.50%), that was suffering from higher fuel prices concerns.
On related markets, oil prices surged 5.9% to close at $52.23 after performing its biggest winning streak since Jan 2009; Gold declined 1.25% to $1,260.90.
The USD dollar declined on Tuesday as investors bet for higher yielders assets amid risk appetite. Euro was the winner of the day.