A strong rally on Wall Street Thursday had stocks staging a comeback from a 2-day losing streak. The Dow and the S&P gained better than 1 percent and are now back to positive for the year. The Nasdaq added to its gains for the year. Crude oil settled at its 6-week low at $47.05 a barrel. Morgan Stanley (MS) was the biggest bank gainer after passing part two of the ‘stress test.’ American Express (AXP) and Goldman Sachs (GS) helped lift the blue chips higher after getting the Fed’s approval to return capital to investors. But businesses not upgrading computers pushed Dow component Intel (INTC) to drop sharply. Lumber Liquidators (LL) jumped 10% after holding a conference call to defend itself. The flooring retailer claimed its products are safe after allegations it had dangerous levels of a cancer-causing substance.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
