FOR IMMEDIATE RELEASE

Florida, USA (March 03, 2015) - Big gains in the energy and the tech sections result the stocks to climb in record levels on Thursday. The technology sector was lead by Cisco Systems and their better-than-expected earnings. Energy stocks also mount as the price of oil rebounded following two days of heavy losses.

Online travel companies received some stock gains as well. TripAdvisor was one of the companies who backed up the speculation that the wave of consolidation in the industry would continue. Expedia stocks also jumped after the announcement that it was acquiring its rival.

As Samurai Trading Academy stated in one of their articles, the stock market was a truly wild this year, and the market rise to all-time high with some massive volatility in between.

After a slumping to their worst month in a year in January, stocks have logged some big gains in February. Reports are showing that U.S. economy appears to be maintaining its recovery as hiring picks up, and company earnings are still growing as well.

The Standard & Poor’s 500-stock index climbed 19.95 points, or 1 percent, to 2,088.48. The index is within two points of its record close of 2,090.57, set Dec. 29.

The Dow Jones industrial average gained 110.24 points, or 0.6 percent, to 17,972. The Nasdaq composite climbed 56.43 points, or 1.2 percent, to 4,857.61.

Encouraging news from Europe, where world leaders clinched a cease-fire deal for Ukraine, was one of the main reason why the stocks opened higher on Tuesday. The news that investors remained hopeful that Greece would be able to reach an agreement with its creditors had impact too.

The meeting on Wednesday between Greece’s new government and finance ministers from nations that use the euro ended in a stalemate. The Greece’s new government wants its creditors to ease the terms of a bailout program that has imposed years of austerity on the country.

There were some setbacks but investors are hopeful that a deal will be reached, before the country’s financial rescue program expires at the end of the month.

Urging $15.13, or 23 percent, to $82.40, TripAdvisor was the biggest gainer in the S&P 500 US. Cisco was another big gainer. The major maker of computer networking equipment stock jumped $2.53, or 9.4 percent, to $29.46 after it reported earnings late Wednesday that exceeded analysts’ expectations. The company also had a better than expected outlook for the full year.

The S&P 500 index is up 4.7 percent for the month, and if the market closes out the month at this level, it will be the best performance for the index since July 2013. Even with the great stats lately, not all investors are convinced that the prices of stocks will keep going up this year.

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