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Tuesday, April 12, 2016

Surging energy shares boost Wall Street as earnings kick off

Wall Street gained on Tuesday, led by surging energy shares that were buttressed by rising oil prices, as investors scooped up equities at the start of corporate earnings season.

All 10 S&P sectors closed higher and the Dow industrials posted their best day in about a month.

Energy shares jumped 2.8 percent, with oil majors Exxon Mobil and Chevron giving two of the biggest boosts to the S&P 500.

The Dow Jones industrial average rose 164.84 points, or 0.94 percent, to 17,721.25, the S&P 500 gained 19.73 points, or 0.97 percent, to 2,061.72 and the Nasdaq Composite added 38.69 points, or 0.8 percent, to 4,872.09.

European shares rose at the end of a choppy session, helped by gains among mining companies, but Italy underperformed as its banks snapped a two-day winning streak.

The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index both rose around 0.6 percent.

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Tags:  US  stock market  Europe  Nikkei  





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Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia