Standard & Poor’s 500 Index posted its biggest weekly gain since July as rising forecastsfor oil demand boosted energy companies and Goldman Sachs GroupInc.’s recommendation lifted industrial shares.
The S&P 500 climbed to an 11-month high on Sept. 10 beforeretreating yesterday on concern the rally has outpaced prospectsfor earnings. Schlumberger Ltd. and Halliburton Co. gained morethan 6.3 percent for the week as oil climbed above $72 a barreland the dollar fell.
Full Story: US Stocks Climb Most Since July, Led by Energy, as Oil Rises - Bloomberg
The S&P 500 climbed to an 11-month high on Sept. 10 beforeretreating yesterday on concern the rally has outpaced prospectsfor earnings. Schlumberger Ltd. and Halliburton Co. gained morethan 6.3 percent for the week as oil climbed above $72 a barreland the dollar fell.
Full Story: US Stocks Climb Most Since July, Led by Energy, as Oil Rises - Bloomberg
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