Jan 21, 2017 – News Today

Energy companies and banks led rally on S&P 500 in 2016

NEW YORK, N.Y. – In 2016, the Standard & Poor’s 500 index jumped 9.5 per cent and bounced back from a flat result the year before, and energy companies and banks made some of the largest gains as investors bet on a stronger economy that will lead to more lending and spending. Health care companies slumped as drug prices came under intense scrutiny.