Wall Street gains for third day as stimulus hopes rise

by Blogburger on July 3, 2012

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – U.S. stocks extended a rally for a third day on Tuesday as sharp gains in oil prices lifted energy shares and traders factored in increased expectations for central bank stimulus. A raft of weak economic data has raised hopes that the European Central Bank will cut interest rates to a record low on Thursday in a move that could drive stock markets higher and further lift commodities like oil and copper. Tuesday's gains came on a shortened trading day before the July 4 Independence Day holiday when U.S. markets are closed. Trading volume was the lowest of the year at 3. …



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