Wall Street claws back some of its September losses

The Standard & Poor’s 500 rose 1.6%, its third straight gain. The benchmark index was coming off its first four-week losing streak in more than a year and is on track to close out September with a loss of 4.2% after five months of gains.

Energy stocks made broad gains after Devon Energy and WPX Energy agreed to combine in an all-stock deal. Devon Energy led the S&P 500 companies higher, climbing 11.1%. WPX Energy rose 16.4%. Several factors have been behind the S&P 500’s abrupt drop this month, which halted a remarkable return to record heights for Wall Street even as the pandemic continued to rage.

Tired of Trump and Wall Street. Stocks go up when more people die of Covid...Ridiculous!

Boo Hoo!

Who cares?

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Banks, travel stocks set to lead Wall Street higherWall Street was set to surge at the open on Monday following the longest weekly losing streak in a year for the S&P 500 and the Dow, with investors piling into shares of beaten-down sectors, including banks and travel.
Source: Reuters - 🏆 2. / 97 Read more »