Wall Street gains on data, rising oil prices
NEW YORK - 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. | Video
Recent Business News
U.S. recovery varies greatly by state, county, city
- In a twist on the old aphorism about real estate, the three most important factors for the current U.S. economic recovery seem to be location, location, location.
Barclays paying $453 million to settle Libor probe
WASHINGTON/LONDON - U.K. bank Barclays will pay $453 million to U.S. and British authorities to settle allegations that it manipulated key interbank lending rates known as Libor, ramping up pressure on other banks to cooperate in a probe that could cost the financial industry billions of dollars. | Video
U.S. should be open to crude oil exports: EIA head
WASHINGTON - The United States should be open to exporting domestically produced crude oil, the head of the Energy Information Administration said on Wednesday, arguing that such exports could actually benefit the U.S. economy.
Merkel rebuffs pleas for debt action on summit eve
BERLIN/MADRID - On the eve of an EU summit that could determine the future of the euro zone, German Chancellor Angela Merkel brushed aside increasingly shrill calls from Spain and Italy on Wednesday for emergency action to lower their soaring borrowing costs. | Video
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 12,627.01 |  +92.34 |
+0.74% |
| S&P; 500 | 1,331.85 | +11.86 |
+0.90% |
| NASDAQ | 2,875.32 | +21.26 |
+0.74% |
| TR US Index | 120.37 | +1.09 |
+0.91% |
Sector Summary
| Energy | +1.84% |
| Basic Materials | +0.48% |
| Industrials | +0.82% |
| Cyclical Goods & Services | +0.14% |
| Non-Cyclical Goods & Services | +0.87% |
| Financials | +1.21% |
| Healthcare | +0.95% |
| Technology | +0.70% |
| Telecoms | +0.77% |
| Utilities | +1.18% |
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