Wednesday's midday trade: US stocks gain

Posted by 7Star Thursday, October 22, 2009

US stocks gained on Wednesday as results from banks, including Morgan Stanley, topped expectations, and on increased optimism about the technology sector's profit outlook. The energy sector also supported the market as the price of oil rose above $80 a barrel after data showed a smaller-than-expected rise in US crude stockpiles. Chevron gained 1.1 percent to $77.89.

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