The Traderszone Network

Published in TZ Latest News 21 January, 2016 by The TZ Newswire Staff

Oil rebound offers respite to badly bruised Wall Street

Seven of 10 major S&P 500 sectors rose, with a 3.3 percent jump in energy stocks (.SPNY) leading the way. Helping global and U.S. stocks, the European Central Bank kept its main rates on hold and Draghi said the central bank would “review and possibly reconsider” its monetary policy as early as March. In the prior session, the relentless drop in oil prices and fears of a China-led global economic slowdown sent the S&P 500 to its lowest since October 2014.