U.S. stocks climb as energy sector rallies a second straight session

Wednesday, 21 March 2018 23:26 WIB

Standard & Poor's 500Saham AS


U.S. stock-market indexes were trading higher on Wednesday, driven by gains in energy and materials shares following a jump in oil prices.

The modest gains come as the market is awaiting the Federal Reserve’s sixth interest-rate increase since the end of 2015, and the central bank’s economic forecast could give investors clues to the pace of future increases.

The S&P 500 was up by 12 points, or 0.5%, to 2,729, with six of the 11 main sectors trading higher. Energy shares were leading gains, trading up more than 2.6%, as oil futures hit the highest levels in seven weeks. Consumer-staples shares were the worst performers, down about 1%.

The Dow Jones Industrial Average was 135 points higher at 24,852, or 0.5%. The Nasdaq Composite Index advanced 27 points, or 0.4%, to 7,390.

The cautious trade on Wednesday comes after stocks closed with gains on Tuesday.


  • Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 3...



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