U.S. Stocks Rise Ahead of Christmas, Energy Shares Jump on Higher Oil Prices After Drop in U.S. Inventories
U.S. stocks held gains at midday as investors went bargain hunting on the last full trading day of the week on mostly positive data, including flat November durable goods, a rise in consumer sentiment and an increase in personal income and consumption. Energy and steel and mining shares led gains as crude prices jumped after drops in U.S. weekly inventories and more comments from China on economic stimulus and a reduction in excess industrial capacity. Markets close early on Thursday for Christmas Eve and close Friday for the Christmas holiday.
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