Stocks close higher following an impressive late afternoon surge of buying

The Fidelity Spartan 500 Index fund (FUSEX) closed up 2.28%. The Automotive sector was the top performer today. In spite of the impressive gain, we warn investors that the U.S. stock market is still in a downtrend.

The top gainer of the day was the Fidelity Select Automotive fund (FSAVX, change: 5.23%), but the trend is still down.

The top gainer of the day was the Fidelity Select Automotive fund (FSAVX, change: 5.23%), but the trend is still down.

Mutual fund screens are provided by FidelitySignal.com  

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