Market Watch: Good Day on Wall St. Thanks to Oil

On the last day of trading for the week oil had its best day since 2009, ending a 5 day losing streak on Wall Street.  The price of a barrel of oil soared over %12 percent as stocks experienced gains across the board.  The financial and banking sector gained %3 percent leading the winners.  JPMorgan’s stock gained 8% after the company’s CEO Jamie Dimon bought over $25 million worth of the company’s own stock.

Amid some relief today came word from Bank of America that they are lowering their expectations for the S&P 500 this year.  See more below.

Here are the final numbers from Friday, 2/12/16 on Wall Street

Dow Jones Industrial Average: 15,973.84 (+313.66 / +2.00 %)

NASDAQ: 4,337.51  (+70.68 / +1.66 %)

S&P 500: 1,864.78  (+35.70 / +1.95 %)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 2 days ago
Phil Cannella
Phil Cannella

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