U.S. stocks was lifted to slight gains by financial and energy shares Wednesday.
World stock market have reconvened since mid-month of February as global growth eased, oil prices bounced back and the Federal Reserve have showing signals on slow path of interest-rate increase. The shares of commodity –sensitive firms have been some of heavyweight winners in this period, helping to push forward major U.S. indexes back on the highs.
Now, many of investors are declaring that they are encouraged by the gains in U.S. sticks. More stocks have participated in the rally than just a few gainers, and shares of both large and small companies have moved forward.
According to Hank Smith, chief investment officer at Haverford Trust in which manages $6.5 B in assets, “The market is in a stronger position today as we approach all-time highs than it was a year ago.”