Posted: Friday, October 09, 2015 10:42 AM ET
By: Julian Close
Stocks are a holding pattern this morning as we near the end of one of the most promising weeks the market has seen in some time. The rising stock market has now passed two important psychological thresholds: the 2000 line on the S&P 500 and the 17,000 line on the DJIA, although it is a full 200 points away from the equally important 5,000 line on the NASDAQ. The best explanation for the rally is that the price of oil is continuing to grow stronger; overnight, West Texas Crude once again topped $50 per barrel.
What is not driving the... Read More