Gains in energy, financial stocks boost Wall Street

Wall Street was higher on Wednesday after a sharp rise in oil prices boosted energy shares, while robust jobs data helped financial stocks. If the labor market is able to build on its recent strength, it could make the case for the Federal Reserve to raise interest rates later this year. "I think any kind of strength in the overall economy does help the financials because it increases the prospects of the Fed being able to raise interest rates," said Robert Pavlik, chief market strategist at Bos