Stocks stepped up on Friday. Energy brands such as Transocean and Nabors Industries stood out among advancers. Brands climbed in the wake of Federal Reserve comments. Fed Chair Janet Yellen said the central bank will most likely keep rates near zero at least through the first quarter.
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Brands rallied today on Wall Street. The Dow added more than 420 points, marking its largest one-day advance since November 2011. Technology stocks such as Microsoft, IBM and Apple led the way up as oil continued to slide.
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Indices closed in the green zone on Wednesday. Stocks gained on FOMC comments as well as other economic news. Comments from the latest FOMC meeting showed the Federal Reserve would remain “patient” in deciding when to lift rates and that a hike earlier than the next couple of months was unlikely.
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Indices landed in the red again Tuesday. Early gains on the Dow were reversed by the end of the session. Big names such as Apple, Coca-Cola, Tesla Motors, and Caterpillar traded lower. Stocks dipped amidst varied economic news.
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Stocks traded into the red on Monday. Brands such as McDonald’s and Ford slipped amid a further dip in oil prices.