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 %)