"We have been in rally mode"
- Eric Kuby, chief investment officer at North Star Investment Management
U.S. banks were closed on Wednesday in observance of Independence Day.
U.S. stocks closed higher on Tuesday led by energy sector.
The Standard & Poor's 500 increased 0.62%, or 8.51 points, to 1,374.02. The Dow Jones Industrial Average added 0.56%, or 72.43 points, to 12,943.82. The Nasdaq Composite gained 0.84%, or 24.85 points, to 2,976.08.
"We have been in rally mode," said. Eric Kuby, chief investment officer at North Star Investment Management in Chicago.
"It's hard to buy into the actual economic numbers as really moving the market as they seem to be so dwarfed by the this whole global liquidity situation."
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