Market recap: Stocks closed off their highs but the S&P held on to finish with a gain for...

|By:, SA News Editor
Market recap: Stocks closed off their highs but the S&P held on to finish with a gain for the fifth straight session, as investors cheered better-than-expected earnings from Akamai, Cliffs and others, as well as an upbeat jobless claims report. Hopes for ECB rate cuts also have provided support, though Bundesbank criticism tempered the enthusiasm. Gold jumped 2.7% for its biggest YTD gain; WTI crude pushed past $93.