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Market News: Alcoa, Consol Energy, Twitter

The stock markets in the United States gained driven by speculations that the economy is strong enough to support corporate earnings, and the market correction is over. Bloomberg noted that the S&P 500 was moving towards its longest winning streak this year.

U.S. equities rebounded for the first consecutive day as companies benefit from the weakness of the dollar, which was caused by the disappointing jobs report. The market pushed aside expectations for interest rate hike by the Federal Reserve due to the weak jobs data.

Michael Purves, chief global strategist at Weeden & Co, told Bloomberg, “Pushing out interest rate hike expectations to next year has been critical. Today is simply a response to oversold conditions.”

On the other hand, Otto Waser, chief investment officer at R&A Research & Asset Management commented, “Those people that wanted to sell have already sold by now, and now the market is coming up a little. Given the current...