Markets push higher as stress over stress tests abates
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As the results of the government's stress tests of financial institutions' balance sheets leak out ahead of tomorrow's official announcement, investors are beginning to feel that banks may not need as much additional capital as once feared. That helped push stocks higher today
, and the Dow Jones Industrial Average closed up 102 points, or 1.2 percent, at 8,512.
A better-than-expected reading on private-sector employment
also boosted optimism that an economic recovery could be close at hand. That pushed oil higher and energy companies along with it.
For more stocks making moves today, be sure to check out BloggingStocks' market wrap-up