US stocks rise broadly on higher oil, expected ECB stimulus

[Omaha Steve]

Source: AP-Excite

By BERNARD CONDON

NEW YORK (AP) — U.S. stocks rose broadly in afternoon trading Wednesday as investors weighed higher oil prices, an expected big new stimulus from Europe's central bank, a rebound in home construction, and a mix of corporate earnings reports.

European stocks rose before a decision Thursday by the European Central Bank on new measures to jolt the region's economy to faster growth. Asian markets closed mostly higher.

KEEPING SCORE: The Standard & Poor's 500 index rose nine points, or 0.4 percent, to 2,031 as of 1:15 p.m. Eastern time. The Dow Jones industrial average climbed 31 points, or 0.2 percent, to 17,547. The Nasdaq gained 19 points, or 0.4 percent, to 4,674.

ENERGY SURGE: Higher oil prices are boosting stocks in oil drillers and servicers. The energy sector rose 1.5 percent, the most of the 10 sectors of the S&P 500.

FULL story at link.



Trader Fady Tanios works on the floor of the New York Stock Exchange Wednesday, Jan. 21, 2015. The U.S. stock market is mixed in early trading after two straight days of gains. (AP Photo/Richard Drew)

Read more: http://apnews.excite.com/article/20150121/financial_markets-4841167e6d.html

[Fred Sanders]

1. How come the stock market is exactly the same as it was when oil was double? Are the corporate

media seriously going to cling to the fantasy that the highest energy hogging nation per capita in the history of the world will suffer from lower energy prices? Meaning a thousand years of history is bunk ,I guess.

You can take the oil out of the con men, but.......