U.S. stocks climbed back close
to record levels on Thursday as technology, materials and energy companies all
notched big gains.
Cisco
Systems led the technology sector higher after reporting better-than-expected
earnings. Energy stocks rose as the price of oil rebounded following two days
of heavy losses.
There
were also big gains for online travel companies. Expedia and Orbitz jumped
after Expedia said that it was acquiring its rival. TripAdvisor also surged on
speculation that the wave of consolidation in the industry would continue.
Stocks
have logged big gains in February after a slumping to their worst month in a
year in January on worries about the outlook for the global economy. Reports
this month …read more
Source: The Jakarta Post
