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Today's Commentary
 
Tuesday, June 28, 2016


The Dow Jones Industrial Average (DJIA) surged more than 200 points at the open, and while it's since given up a portion of those gains, the Dow remains up triple digits -- and is back atop its 200-day moving average. The snap-back session is being fueled by better-than-expected gross domestic product (GDP) data and consumer confidence numbers, as well as a rise in oil prices, which has sent energy stocks sharply higher. At last check, August-dated crude futures are up 1.7% at $47.15 per barrel, amid a potential strike in Norway.

 
  


 
 
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