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. Shares of Exxon Mobil
surged 4.6 percent, also the biggest percentage gain since late August, to USD
79.12, while Chevron jumped 5.1 percent to USD 85.47, among the biggest boosts
to the Dow and the S&P 500.
US and Brent oil
prices ended more than 2 percent higher. The SPDR Energy Select Sector
exchange-traded fund rose 4.3 percent.FOR OUR MORE TIPS :- stock tips share tips MCX tips
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