Tuesday, 16 May 2017

Wall Street rises with help from technology, financial, energy stocks

Free Stock Cash Tips and more SUBSCRIBE FREE from here >> http://www.ripplesadvisory.com/free-trial.php

The S&P 500 and the Nasdaq notched record closing highs on Monday, powered by demand for technology stocks after a global cyber attack and by rising oil prices.

Oil rose to the highest level in more than three weeks after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than originally agreed.

The rising oil prices and housing data drove optimism about the economy and helped make financial stocks the second biggest driver for the S&P 500, behind the technology sector.

No comments:

Post a Comment