Classifieds powered by Gulf News

Energy, tech lead early Wall St gains

Standard & Poor’s 500 index rose 5 points, or 0.2 per cent, to 2,602

Gulf News

NEW YORK:

Stocks are opening broadly higher on Wall Street and some of the biggest gains are going to energy and technology companies.

Energy stocks were higher Friday as the price of US crude oil rose about 1 per cent. Oil was higher after Bloomberg reported that Opec and Russia have agreed on an outline for extending production cuts.

ConocoPhillips rose 1 per cent and Pioneer Natural Resources rose 1.1 per cent.

Several retailers were higher as the holiday shopping season got underway. TJX Companies rose 1 per cent and Amazon.com rose 0.9 per cent.

The Standard & Poor’s 500 index rose 5 points, or 0.2 per cent, to 2,602.

The Dow Jones industrial average rose 45 points, or 0.2 per cent, to 23,571. The Nasdaq composite gained 11 points, or 0.2 per cent, to 6,879.

Loading...