U.S. stocks climbed Tuesday as oil futures were on track to close at their highest levels of 2016, which was giving a lift to energy shares.
The Dow Jones Industrial Average rose 154 points, or 0.9% to 17,710.23.
The S&P 500 index was up 15.74 points, or 0.8%, at 2,057.75, after slipping into the red about an hour into the day's trading action. Gains in the broad-market index were led by a 2.9% rise in energy stocks and a 0.5% rise in health care.
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3 comments:
Soros at it again...
Automobile sales are down. Government slips big oil a backhander to subsidize low gas prices. New car sales boom, big oil jacks the price of gas back up just in time for summer. Bend over again America.
Partially true, but the bigger picture is that OPEC put the financial hurt on US oil producers by flooding the market with oil and making it unprofitable to frack for oil. Fracking and US drilling is almost completely stopped.
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