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Stocks snap losing streak

Friday, February 12, 2016 - 01:33

Stocks caught a breather Friday, breaking a five-session losing streak as badly beaten down bank and energy shares moved higher for a change. Jeanne Yurman reports.

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Stocks snapped a five session losing streak. Badly beaten down bacon energy shares led the markets rebound ahead of the three day holiday weekend. Oil surged more than 12% from multi year lows to nearly thirty dollars a barrel. State Street global markets at least. Fair inch week that was no more bad news overnight of oil came up a little bit so I think we've we've just getting a little bit of a bounce. Still for the week the Dow the S&P 500 in the mess tacked on lost ground. Square got a boost after visa disclosed a nearly 10% stake in the mobile payments company. Game on for group on strong sales in North America and restructuring fattened its margins. JPMorgan Chase CEO Jamie diamond is putting his money where his mind it is. He bought more than 25 million dollars worth of his bank's stock which has fallen almost 20% this year. Activision Blizzard shares plunged poured demand for Scott Landers super chargers her quarterly revenue and it missed as a it's an apple is set to start selling in new orange iPhone and the latest iPad the iPad air. March 15 according to tech blog 95 Mac. Mixed data on the economy retail sales rose last month but consumer sentiment fell in early February. And the strong dollar and falling oil prices pushed down import prices in January. As in the US energy and financial stocks helped European markets recapture the.

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Stocks snap losing streak

Friday, February 12, 2016 - 01:33