Financial Times FT.com

Wall Street rises on surging financials

By Anuj Gangahar in New York

Published: June 4 2009 14:13 | Last updated: June 4 2009 21:42

US stocks gained ground on Thursday, led by the financial and energy sectors, as oil prices rose and investors reacted to the latest data on the economy.

Goldman Sachs was up 5.2 per cent to $149.47 after Sanford Bernstein raised the bank to “outperform”. Morgan Stanley rose 5 per cent to $31.20.

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