Tech, Energy Shares Lead US Stocks Higher
Sumaira FH 4 months ago Wed 12th September 2018 | 04:00 AM
New York, Sept 11 (UrduPoint / Pakistan Point News - 12th Sep, 2018 ) :Technology and petroleum-linked shares were among the winners on Tuesday as US stocks shrugged off trade worries and finished higher.
The Dow Jones Industrial Average climbed 0.4 percent to 25,971.06.
The broad-based S&P 500 also gained 0.4 percent to 2,887.91, while the tech-rich Nasdaq Composite Index advanced 0.6 percent to 7,972.47.
But sentiment shifted later in the day following strong data on small business confidence, said Karl Haeling of LBBW.
Petroleum-linked companies were another strong sector, with Dow member ExxonMobil rising 1.4 percent, Apache 1.8 percent and Halliburton 1.8 percent following a rise in oil prices due to a possible hit to oilfield infrastructure from Hurricane Florence.