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Dow rallies to fifth straight gain, stocks buttressed by energy, tech gains


Thursday, 10 May 2018 03:28 WIB

S & P 500SahamASNasdaq CompositeDow Jones Industrial Average


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U.S. stocks ended solidly higher on Wednesday, with major indexes shaking off early weakness as both energy and technology gains led broad markets higher.

The Dow Jones Industrial Average gained 0.8% to 24,544, rising for a fifth straight session. The S&P 500 added 1% to 2,698. The Nasdaq Composite Index rose 1% to 7,340, gaining for a fourth straight session. Energy stocks led on the day, gaining 2% after President Donald Trump's decision a day earlier to pull the U.S. out of the Iran nuclear deal and resume sanctions against the oil-producing nation.

Among notable stocks, Exxon Mobil Corp. gained 2.4% while Chevron Corp. was up 1.7%. Boosting technology stocks was Facebook Inc. which rose 2.1%, and Google-parent Alphabet Inc. which gained 2.9%. The Cboe Volatility index fell 7.7% and was on track to settle at its lowest level in about three months.

Source : Marketwatch


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