Stocks Close Up On Oil; S&P At Record, Dow Above 18,000

[Purveyor]

Source: CNBC

U.S. stocks closed at highs on Friday, with the Dow above 18,000 and S&P 500 setting a new record as firming oil prices sent the energy sector higher.

Stocks "typically rally into idea that oil might be bottoming," said Art Hogan, chief market strategist at Wunderlich Securities.

He added that with Russia's peace deal with Ukraine and encouraging headlines out of Greece's negotiation with the euro zone, "the tone of investors is more constructive going into next week."

The Dow Jones industrial average traded higher and closed up 46.97 points, or 0.26 percent, to 18,019.35, with Caterpillar leading 16 blue chip advancers and American Express the greatest laggard. The last time the index closed above 18,000 was on Dec. 26, 2014.

Read more: http://www.cnbc.com/id/102424287

[Newsjock]

1. In other words ...

... Wall Street is all excited because billions of consumer dollars might now be flowing into bloated oil company coffers instead of, say, to something un-American such as paying down debt or, God forbid, savings.

[msongs]

2. another great day for the filthy rich tax dodgers nt