US stocks rise, breaking a string of losses, as oil steadies
Source: AP-Excite
By MATTHEW CRAFT
NEW YORK (AP) — Encouraging economic news and a rare rise in oil prices helped give the stock market its first gain in the new year Wednesday.
Major indexes started climbing from the opening bell, following a report from ADP, the payroll processor, which showed that businesses hired more workers last month. Companies added 241,000 workers in December, an increase from the previous month.
The increase offered more evidence that the U.S. economy is on steady ground and gave investors another reason to jump back into the market after five straight days of losses, said Jeff Kravetz, regional investment director at U.S. Bank Wealth Management.
All three major U.S. indexes climbed more than 1 percent. The Standard & Poor's 500 index gained 23.29 points to close at 2,025.90.
FULL story at link.
FILE - In this Oct. 2, 2014 file photo, Wall Street is etched in the facade of a building in New York's Financial District. U.S. stocks are rising in early trading Wednesday, Jan. 7, 2014, as the price of oil steadies. (AP Photo/Richard Drew, File)
Read more: http://apnews.excite.com/article/20150107/financial_markets-90a75634a0.html
= new reply since forum marked as read
