Monday, March 7, 2016

Rally in Energy Stocks Lifts Wall Street Indexes



Sharp gains in energy and materials stocks lifted the main U.S. indexes, which are now on track to extend their winning streak to five straight sessions.
The S&P 500 index rose 4 points, or 0.2%, to 1,995, with seven of its 10 main sectors trading higher. Apart from the energy and materials sectors, telecoms and health-cares stocks were also trading higher. Technology stocks were the biggest laggards.
The benchmark index has reduced its year-to-date losses to 2% from nearly 10% earlier this year.
The Dow Jones Industrial Average gained 60 points, or 0.4%, to 17,067. The Nasdaq Composite was trading 6 points, or 0.1%, higher at 4,723.
Source : Marketwatch

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