Closing Bell: Booz Allen Hamilton Slumps on NSA Arrest; U.S. Stocks Rally

A crude oil rally Wednesday helped Wall Street rally to erase all losses endured in a selloff a day earlier.
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A crude oil rally Wednesday helped Wall Street rally to erase all losses endured in a selloff a day earlier. Crude closed at a three-month high in spitting distance of the psychologically important $50 a barrel level. The energy sector was the best performer on markets. Oil majors including Exxon Mobil(XOM) - Get Report , Chevron(CVX) - Get Report , Royal Dutch Shell (RDS.A) and PetroChina(PTR) - Get Report each posted solid gains. Netflix(NFLX) - Get Report jumped after signing a deal to screen its original movies at iPic Entertainment locations at the same time they launch on the streaming platform. Shares climbed earlier in the week on reports Disney(DIS) - Get Report was contemplating an acquisition offer. Government consulting firm Booz Allen Hamilton(BAH) - Get Report fell on reports the FBI had arrested an NSA contractor in August over a potential leak of classified materials. The contractor worked for the consulting firm. TheStreet's Keris Lahiff has details from Wall Street.