U.S. Stocks Weather Late Slide to Finish Higher: Markets Wrap

  • Dollar hits lowest level in more than week versus major peers
  • West Texas crude oil touches highest in more than week
WATCH: Bill Gross, says financial repression has been “swept under the rug” and will be the “chink in the armor” of the economy.Source: Bloomberg
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U.S. stocks closed higher as gains in technology shares helped offset a late slide in financials. Crude oil pushed higher, while the dollar was little changed.

The S&P 500 rose for a third consecutive trading session, led by communication services, real estate and consumer discretionary shares. JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. pushed financials into the red.