All three of the major indices climb into positive territory, with
the S&P 500 posting the largest gain of 0.6%. There is not a
specific news item to account for the buying interest.
The recovery effort is being led by energy stocks (+1.8%) as Exxon Mobil (XOM 75.84, +2.16) gains 2.9%.
Reuters reports that a Democratic leadership aide said the U.S. Senate is unlikely to pass a broad economic stimulus this year.