Stocks rise as banking fears ease while dollar falls, oil rallies

NEW YORK : Stock indexes rose and the dollar declined on Thursday on easing fears about banking sector troubles, encouraging economic signs from the chip industry and rising oil prices.

And oil prices rose with support from lower U.S. crude stockpiles and a halt to exports from Iraq's Kurdistan region, which offset pressure from a smaller-than-expected cut to Russian supplies. "Definitely a more bullish tone is starting to pick up here on Wall Street," said the strategist, though he cautioned that there could still be some volatility ahead.

"If inventories have come down for semiconductors that stands to reason it may have come down for many other products as well," said Kleintop, who added that this"feeds right into economic growth."

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