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  • May 5th is in the books. And here's how Wall Street ended the week.

  • S&P 500 managed to rally into the close to end the week in a fresh record.

  • And within a whisker, of the intraday high touch at the start of March.

  • The rebounded energy prices was the biggest contributor to the rally.

  • Crude oil is taking a beating in recent weeks,

  • with the West Texas Intermediate dive with a six-month low early on Friday.

  • But oil managed to stage a recovery later in the day,

  • with the WTI ending the day with a 2.2 percent gain, the most as March.

  • That boiled U.S. energy stocks.

  • The S&P 500 sub-index ended Friday 1.6 percent higher.

  • It's sharpest one day gain since March 15th.

  • The markets largely shrugged off, better than expected in the U.S. unemployment data,

  • with the ten year U.S. treasury yield largely set at 2.34 percent.

May 5th is in the books. And here's how Wall Street ended the week.

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B1 US FinancialTimes march oil rally recovery percent

Oil recovery pushes US stocks to new closing record

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    Annie Kuo posted on 2017/05/09
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