FRIDAY, JULY 13, 2012
Energy stocks rallied strongly along with the broader market as investors snapped up equities after six straight days of losses for the Dow and the S&P 500. Better-than-expected data from China and an optimistic report from J.P. Morgan despite its large trading loss lifted investor sentiment. Higher-beta subgroups such as the drillers and refiners led the way to the upside, while the integrateds showed relative underperformance as investors put cash to work in riskier stocks.
WTI crude oil futures rose for a third ...