Treasuries rose and the dollar fell as investors assessed data to determine the strength of the economy. U.S. stocks neared all-time highs, while crude oil swung between gains and losses before OPEC meets tomorrow.
U.S. stocks rose on Wednesday boosted by tech shares, with the S&P 500 (^GPSC) and Dow industrials (^DJI) closing at records, while the energy sector was once more the largest weight on the market as crude prices continued to flirt with multi-year lows.
The Dow Jones industrial average rose 7.84 points, or 0.04 percent, to 17,817.9, the S&P 500 gained 5.91 points, or 0.29 percent, to 2,069.41 and the Nasdaq Composite added 41.92 points, or 0.89 percent, to 4,754.89.
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Major indexes also posted gains for the month, putting in a sharp recovery from their recent selloff that almost drove the S&P 500 into correction territory. The benchmark index is now up 8.4 percent from its Oct. 15 low and up 9.2 percent for the year ...