Wall Street advances as oil price leaps
Stocks rose on Thursday as a surge in crude oil prices lifted energy shares, sending the benchmark S&P 500 to a session high.
Results of an auction of seven-year U.S. government bonds sparked no fresh concern about demand for government debt.
U.S. front-month crude jumped 2.7 percent, or $1.73, to $65.19 a barrel on the New York Mercantile Exchange.
The Dow Jones industrial average <.DJI> was up 76.78 points, or 0.93 percent, at 8,376.80. The Standard & Poor's 500 Index <.SPX> was up 12.05 points, or 1.35 percent, at 905.11. The Nasdaq Composite Index <.IXIC> was up 16.57 points, or 0.96 percent, at 1,747.65.
(Reporting by Ellis Mnyandu; Editing by Theodore d'Afflisio)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick