Tech, Energy Shares Lead US Stocks Higher
Sumaira FH 2 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.
Key data releases later in the week include reports on inflation and retail sales, as well as the Federal Reserve's "Beige Book" of economic conditions around the United States.