While you were sleeping: US stocks lift on oil

Wed, 05 Oct 2016

By Margreet Dietz Oct. 6 (BusinessDesk) - Wall Street rose in a broad rally with the price of oil on an unexpected drop in US stockpiles and better-than-expected data on the US services industry. An Institute for Supply Management report showed its non-manufacturing index climbed to 57.1 in September, the highest since October 2015 and up from 51.4 in August. “The markets are taking the economic news positively, but it is a double-edged sword in our opinion because a better economy means the Fed is going to finally start moving on rat...

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