US stocks ended up slightly on Thursday as Brent oil's rise above USD 50 a barrel boosted energy shares and an upbeat outlook lifted Wal-Mart to a 14-month high.
Wal-Mart rose 1.9 percent to end at USD 74.30 after the retailer reported a better-than-expected quarterly profit and raised its fiscal-year outlook. The upbeat forecast followed disappointing outlooks from Target and Lowe's Companies the previous day.
The energy index jumped 1.8 percent after Brent crude LCOc1 topped USD 50 for the first time in six weeks as major producers prepared to discuss a possible output freeze.
Late-session gains pushed the indexes out of flat territory where they had traded for much of the session, with the S&P 500 index up just 0.1 percent for the week so far.
For More Information Stock advisory company indore,Share Market Tips,stock advisory tips,best stock advisory company in indore,Nifty Future Tips,currency Tips,Stock Option Tips, agricommodity tips,Future&Option Tips,commodity market tips,stock cash tips,Nifty Option Tips,Bullion tips And call us :-9827808090.
Wal-Mart rose 1.9 percent to end at USD 74.30 after the retailer reported a better-than-expected quarterly profit and raised its fiscal-year outlook. The upbeat forecast followed disappointing outlooks from Target and Lowe's Companies the previous day.
No comments:
Post a Comment