Economics
U.S. Stocks Rise on Tech Bounce, Commodities Gain: Markets Wrap
- JPMorgan, Citigroup, Wells Fargo due to report results
- Oil fluctuates amid talk of caps on Libya, Nigeria production
Oil Sees Weekly Decline as U.S. Output Rises
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Technology shares drove gains in U.S. equities, while natural gas and crude lifted commodities. The dollar strengthened with Treasuries as investors prepare to parse second-quarter earnings for more evidence global economic growth is back on track.
The S&P 500 Index rose for a second day as tech shares rebounded from last week’s selloff. Trading was light, with the volume 15 percent below the 30-day average at this time of day. European equities advanced following a similar climb across much of Asia. The dollar edged higher against most major currencies and bonds recovered after a drop last week. Natural gas futures jumped and crude rose above $44.50 a barrel.