Economic News

Dow +132.77 at 6727.21, Nasdaq +14.91 at 1314.50, S&P +13.53 at 696.08

Stocks are showing robust gains in the first few minutes of trading, despite a rather tepid tone in premarket action. A clear leader has yet to be established, but energy stocks are sporting the best gains of any sector in the S&P 500.

Energy is currently up 3.7% as an array of companies in the sector trade higher. Exxon Mobil (XOM 63.47, +1.25) is providing a lift to integrated oil companies (+2.3%). Spectra Energy (SE 11.76, +0.25) is helping oil and gas storage and transportation companies (+2.7%). BJ Services (BJS 9.33, +0.20) and Schlumberger (SLB 36.55, +0.39) are early gainers among oil and gas equipment outfits (+1.5%).

Financial stocks initially stumbled a bit, but have since mustered a strong gain. The financial sector is now up 3.5%.
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