The S&P 500 SPX, +1.16% closed 23.29 points or 1.2%, higher at 2,025.90, with nine of 10 main sectors recording gains. Health care and consumer staples sector stocks led the gains, while telecoms lagged.
S&P 500 musters first gain of 2015, snaps 5-day losing streak
Thursday, 8 January 2015
The S&P 500 SPX, +1.16% closed 23.29 points or 1.2%, higher at 2,025.90, with nine of 10 main sectors recording gains. Health care and consumer staples sector stocks led the gains, while telecoms lagged.
Yen lower against dollar, euro as Nikkei gains
The dollar USDJPY, +0.54% was at ¥119.84 compared with ¥119.16 late Wednesday in New York. The euro EURJPY, +0.25% was at ¥141.66 from ¥141.01.
The U.S. currency remained rangebound in early Asian trade but started gaining upward momentum as the Nikkei index NIK, +1.67% advanced further mid-morning. With the benchmark index recouping some of its losses earlier this week, the greenback rose to as high as ¥119.82.
The euro EURUSD, -0.28% was at $1.1819 from $1.1840.
The WSJ Dollar Index BUXX, +0.23% , a measure of the dollar against a basket of major currencies, was up 0.07% at 84.18.
Natural Gas Update
Natural gas futures have declined for 11 out of the past 16 sessions, mostly on warmer-than-usual temperatures in key U.S. heating markets.
Gasoline Market Update
Gasoline for February RBG5, -3.43% declined 2 cents, or 1.2%, to settle at $1.3376 a gallon on Nymex. February heating oil HOG5, +0.36% dropped 3 cents, or 1.5%, to $1.6999 a gallon on Nymex.
Oil snaps four-session losing streak, up 1.5%
Light, sweet crude for February delivery CLG5, +0.97% rose 72 cents, or 1.5%, to settle at $48.65 a barrel on the New York Mercantile Exchange.
The contract had traded as low as $46.83 earlier, extending a 4.2% drop on Tuesday that left crude oil at its lowest since April 2009.
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