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Stocks end higher, with energy leading gains


Thursday, 29 August 2019 03:20 WIB

Indeks NasdaqIndeks S&P 500Indeks Dow JonesSahamAS


Stocks rose Wednesday, with a rally in energy-sector shares leading the way to the upside.

The Dow Jones Industrial Average rose around 258 points, or 1%, to end around 26,035, according to preliminary figures, while the S&P 500 gained around 19 points, or 0.7%, to finish at 2,888. The Nasdaq Composite closed near 7,857, a gain of aroud 30 points, or 0.4%.

The beaten down S&P 500 energy sector rose 1.4%, finding support as oil rallied sharply following a larger-than-expected fall in weekly crude inventories.

Energy shares have been punished in August, with the sector down around 10% month-to-date, the worst performing of the S&P 500's 11 sectors.

Source : MarketWatch


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