US stocks soar, lifted by financials and oil drop – MarketWatch- About: Stock Trading News
We had a second day of good bank numbers, relative to expectations,” said Peter Boockvar, equity strategist at Miller Tabak. The ascent in stocks comes one day after stocks rallied, with the Dow tallying the blue-chip benchmark’s largest point jump since April 1, as sliding oil prices and banks’ upbeat results fueled optimism. Conversely, the Federal Reserve Bank of Philadelphia said manufacturing in the Philadelphia region weakened for the eighth month straight in July, defying the expectations of economists, who had predicted a slight improvement. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data . read more
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