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Crude soars as stocks notch second straight day of gains

The price of crude (CLH16.NYM) soared more than 9% higher today and stocks (^GSPC, ^DJI, ^IXIC) followed suit, notching their second straight day of gains. All ten major sectors were set to end the day in the green, led by energy, tech, and telecommunications.

Some individual names that had a particularly strong day include Cisco (CSCO), Apple (AAPL), and Kinder Morgan (KMI). Shares of the pipeline company rebounded after the firm released a strong fourth-quarter report. Kinder Morgan announced potential plans to buy back shares or raise its dividend.

Still, it wasn't a banner day for everyone. Stocks slipping in today's session include Chipotle (CMG), General Electric (GE), and American Express (AXP). Shares of the the credit card company plunged after reporting a 38% decline in fourth-quarter earnings.

Looking ahead
With a rough week ending on a high note, here's what to keep an eye on once you get back from your weekend:

• On Monday, the Congressional Budget Office releases its annual "Budget and Economic Outlook." The report will include updated economic and budget projections.

• Wednesday will see the Federal Open Market Committee release its much anticipated interest rate decision. This is the first announcement since the Fed raised its target interest rate range in December.
 
• Finally, on Friday at 8:30 a.m. ET, the Bureau of Economic Analysis will publish advance GDP data for the fourth quarter of 2015.