Stocks Climb as Energy, Tech Strength Lift Indexes: Markets Wrap
- Dollar falls, Treasuries stablize amid Fed rates speculation
- Nasdaq 100 erases half of Tuesday loss, crude jumps above $54
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Stocks rose Wednesday as tech rallied and surging oil pushed energy shares higher. The dollar fell and Treasuries clawed back from an early retreat amid speculation the Federal Reserve may soften its stance on raising interest rates.
Most major U.S. equity benchmarks were up in light pre-Thanksgiving trading, although they gave back some ground in the afternoon to finish near session lows, with the Dow Jones Industrial Average ending flat. The small-capitalization Russell 2000 Index climbed 1.3 percent to pace the gains, and the Nasdaq 100 Index wiped out nearly half of its decline from Tuesday.