Industrials pace Wall Street rebound, oil rallies
US stocks closed up to end their week buoyed by increases in the industrial and consumer discretionary sectors, while European shares reversed earlier gains and turned lower. Oil continued to climb as concerns about an oversupply faded.
In the US, the S&P 500 Index and Dow Jones Industrial Average rose in light trading leading up to the July 4 holiday. Meanwhile, Europe's benchmark equity gauge added to its fourth straight weekly loss. Bond yields continued to move higher as central bankers this week shifted toward a more hawkish tone. The dollar gained slightly.
Bloomberg
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