01:32 PM EST, 03/06/2024 (MT Newswires) -- Energy stocks rose Wednesday afternoon with the NYSE Energy Sector Index gaining 1.2% and the Energy Select Sector SPDR Fund (XLE) up 1%. The Philadelphia Oil Service Sector index climbed 1.8%, and the Dow Jones US Utilities index added 1%. US crude oil stocks, including those in the Strategic Petroleum Reserve, rose by...

01:34 PM EST, 03/06/2024 (MT Newswires) -- Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising around 0.6%. The Philadelphia Housing Index was adding 0.6% and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.5%. Bitcoin (BTC-USD) was increasing 5.5% to $67,309, and the...

01:00 PM EST, 03/06/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds, including IWM and IVV, were trading higher. Actively traded Invesco QQQ Trust (QQQ) was up 1.1%. US benchmark stock indexes rose after midday Wednesday as Federal Reserve Chair Jerome Powell's remarks to Congress suggested the central bank is not in a hurry to cut interest rates even...

12:36 PM EST, 03/06/2024 (MT Newswires) -- US benchmark stock indexes rose after midday Wednesday as Federal Reserve Chair Jerome Powell's remarks to Congress suggested the central bank is not in a hurry to cut interest rates even though a reduction is on the cards for this year. The S&P 500 climbed 0.9% to 5,126.3, with the Nasdaq Composite up...