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Stocks Rise Day After Stumble          03/20 09:19

   U.S. stocks are rising Tuesday as energy companies climb with oil prices and 
banks move up along with interest rates.

   NEW YORK (AP) -- U.S. stocks are rising Tuesday as energy companies climb 
with oil prices and banks move up along with interest rates. The market was 
recovering some of its losses from a day ago. Other sectors including health 
care and industrials are also bouncing back. Technology stocks are mostly 
higher, but Facebook continues to slump following a report the Federal Trade 
Commission will investigate its handling of user data and Oracle is plunging 
after releasing disappointing results and forecasts.

   KEEPING SCORE: After a drop of 1.4 percent Monday, the S&P 500 index added 7 
points, or 0.3 percent, to 2,719 as of 10 a.m. Eastern time. The Dow Jones 
industrial average gained 113 points, or 0.4 percent, to 24,724. The Nasdaq 
composite rose 24 points, or 0.3 percent, to 7,368. The Russell 2000 index of 
smaller-company stocks picked 4 points, or 0.3 percent, to 1,573.

   ENERGY: Benchmark U.S. crude rose $1.14, or 1.8 percent, to $63.20 a barrel 
in New York. Brent crude, used to price international oils, gained $1.18, or 
1.8 percent, to $67.23 per barrel in London.

   Among energy companies, Chevron gained $1.06 to $114.95 and Halliburton 
added 58 cents, or 1.3 percent, to $45.26.

   FED AHEAD: The Federal Reserve's leaders began a two-day policy meeting that 
is expected to result in another interest rate increase on Wednesday. The Fed 
has said it expects to raise interest rates a total of three times this year, 
and one of the key debates on Wall Street is whether it will wind up increasing 
rates three times or four. The current meeting is the Fed's first since Jerome 
Powell became chairman, and investors will be watching his comments at a press 
conference Wednesday afternoon.

   Bond prices fell. The yield on the 10-year Treasury note rose to 2.88 
percent from 2.85 percent. That sent interest rates higher, which allows banks 
to charge more money on loans.

   Lincoln National advanced 91 cents, or 1.2 percent, to $76.71. Insurer AIG 
climbed 64 cents, or 1.2 percent, to $55.09 and Aflac picked up 60 cents, or 
1.3 percent, to $45.30.

   TECH REBOUNDS: Technology companies recovered some of the ground they lost 
Monday. Those stocks have done far better than the rest of the market since the 
beginning of 2017, and investors pulled away from the sector one day ago as 
Facebook and Google's parent company Alphabet took steep losses. The sector 
regained some of those losses on Tuesday.

   Microsoft gained 81 cents to $93.70 and Adobe Systems rose $6.50, or 2.9 
percent, to $228.68. Over the last 12 months, the S&P 500 technology index is 
up 32 percent while the S&P 500 itself is up almost 15 percent.

   BUT NOT FACEBOOK: Facebook continued to skid as investors tried to assess 
the fallout from reports that Cambridge Analytica, a data mining firm working 
for President Donald Trump's campaign, improperly obtained data on 50 million 
Facebook users without their permission. Bloomberg News reported that the 
Federal Trade Commission will investigate Facebook's handling of user data and 
whether it violated the terms of a 2011 agreement with the agency. Britain's 
information commissioner said she will seek a warrant to access Cambridge 
Analytica's servers.

   Facebook stock lost $2.59, or 1.5 percent, to $169.98. It fell almost 7 
percent Monday, its worst loss in four years, and early Tuesday it touched its 
lowest price since late September. Alphabet, which fell 3 percent Monday, edged 
up $4.45 to $1,104.52.

   CLOUDY VISIONS: Investors were disappointed with Oracle's third-quarter 
report. While the company announced a bigger profit than analysts expected, 
they were less impressed once items like lower tax rates and stock repurchases 
were excluded, and its sales were lower than Wall Street had forecast. The 
company's forecast for the fourth quarter also came up short of estimates. The 
stock dropped $4.67, or 9 percent, to $47.28.

   CURRENCIES: The dollar rose to 106.47 yen from 105.97 yen. The euro fell to 
$1.2269 from $1.2357.

   OVERSEAS: France's CAC 40 gained 0.1 percent and Germany's DAX added 0.2 
percent. Britain's FTSE 100 was 0.4 percent higher. Japan's benchmark Nikkei 
225 lost 0.5 percent while South Korea's Kospi edged up 0.4 percent. Hong 
Kong's Hang Seng inched up 0.1 percent.


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