Wall Street gains on data, rising oil prices

by Blog Burger on June 28, 2012

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Stocks rose on Wednesday as stronger-than-expected economic data helped lift energy stocks, overshadowing concerns a European Union summit will not yield tangible progress in easing the debt crisis. The energy sector showed the strongest gains among the 10 major S&P 500 groups, rising 1.9 percent as oil prices settled higher at $ 80.21 a barrel. Cabot Oil & Gas Corp jumped 9 percent to $ 41.24 and was the biggest advancer on the S&P 500. …

Business News Headlines – Yahoo! News

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