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Oil rebound and ECB dovish comments drive markets up

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks were on the rise on Thursday due to the oil prices rebound from the multi-year losses and the ECB President Mario Draghi dovish comments. S&P 500 index closed 0.52% higher at 1868.99 with 9 out of 10 its sectors being in the black. Energy and telecommunications services were the top performers (3% and 2.39% respectively) while financials were in the red having lost 0.11%. Dow Jones industrial average index added 0.75% to 15,884.23 while Nasdaq 100 composite added 0.55% to 1,869.6.

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