NewsFeeder
12-24-2015, 08:50 PM
Financial sector key to final week of trading
[Reuters] - The financials have risen more than 6 percent this quarter, with investors expecting the sector to be one of the main beneficiaries of the first interest rate hike by the U.S. Federal Reserve in nearly a decade last week. "That trade, the oil-financials, it is going to be with us for quite some time," said Peter Kenny, equity market strategist at Kenny & Co LLC, in Denver. The benchmark S&P 500 index (.SPX) has rallied nearly 3 percent this week, buoyed by a jump of nearly 5 percent in the energy sector (.SPNY) as oil prices (LCOc1) bounced off multi-year lows.
Financial sector key to final week of trading - Yahoo Finance (http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/financial-sector-key-final-week-013033356.html)
[Reuters] - The financials have risen more than 6 percent this quarter, with investors expecting the sector to be one of the main beneficiaries of the first interest rate hike by the U.S. Federal Reserve in nearly a decade last week. "That trade, the oil-financials, it is going to be with us for quite some time," said Peter Kenny, equity market strategist at Kenny & Co LLC, in Denver. The benchmark S&P 500 index (.SPX) has rallied nearly 3 percent this week, buoyed by a jump of nearly 5 percent in the energy sector (.SPNY) as oil prices (LCOc1) bounced off multi-year lows.
Financial sector key to final week of trading - Yahoo Finance (http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/financial-sector-key-final-week-013033356.html)