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Wall Street jumps to record highs on strong day for energy stocks

“Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season” reports foxbusiness.com. The S&P energy sector .SPNY closed up 2 percent as Brent crude LCOc1 went above $70 a barrel for the first time since December 2014, boosted by a surprise drop in U.S. production and lower crude inventories.That helps explain the demand picture, which has oil up at $70,” said Scott Clemons, chief investment strategist at Brown Brothers Harriman in New York. On U.S. exchanges 6.74 billion shares changed hands, above the 6.39 billion average for the last 20 trading days.
 
Source: foxbusiness.com



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