US Close 6 Oct 16: U.S. markets regained ground thanks to might service sector numbers and oil

US sharemarkets rallied for the first time in three sessions on Wednesday. The surprisingly large expansion in the services sector and lift in oil prices supported equities. The S&P energy sector lifted by 1.4% with Exxon Mobile gaining 0.8%, while Chevron rose by 1.2%. The financial sector recorded healthy gains with the S&P financial sector lifting by 1.5%. Twitter rose by 4.4% after a Wall St Journal report that the company would be fielding takeover bids this week. The Dow Jones index rose by 113 points or 0.6%. The S&P 500 index was higher by 0.4% while the Nasdaq gained 26 points or 0.5%.

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