By: Economic & Finance Report
Wall Street gained today heavily because of rallying support of crude oil prices and energy stocks that attributed to enormous rise. The Dow erased loses that occurred from the first two months of the year.
Traders were delighted when oil prices closed over $40/barrel which signal a good sign for commodities. Energy sector had great highlights today as it closed up on several fronts. The Federal Reserve left rates unchanged and this brought about a bullish signal to investors.
In all today was a productive day for the markets and it was glaringly noticed by all markets.-SB