Saturday, 24 June 2017

Wall Street ends higher on technology, energy boost

US stocks ended higher on Friday after a last-minute trading spike and a technology sector gain offset weakness in financial stocks and sent the Nasdaq higher, giving it a weekly gain for the first time in three weeks. The energy sector rebounded and finished the strongest of the S&P's 11 sectors with a 0.8 percent rise as oil prices came back from multi-month lows. Bank stocks ended lower even after they passed their annual stress test as some results were weaker than expected and investors focused on a flattening yield curve. The healthcare rally faded on Friday as investors tried to decipher whether a Senate Republican bill to replace Obamacare, released Thursday, would gain enough support to pass.

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