S&P, Dow gain as energy, financials recoup recent losses

Published by
Reuters

By Ambar Warrick (Reuters) – The S&P 500 and the Dow Jones indexes rose on Wednesday, with sectors such as energy and financials recovering some of their losses in recent sessions, although a slowing economic recovery and uncertainty over higher taxes kept sentiment subdued. The S&P 500 rose from a more than three-week low, while the Dow came off a near two-month trough. Economically sensitive sectors such as energy were the best performers in early trade, rising 3.4% as oil prices gained on data showing a larger-than-expected drawdown in U.S. crude inventories. [O/R] Financial stocks,…

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