Stocks closed Wednesday for the first day this week as oil... prices rising more offset worries about the global economic recovery. Oil rose nearly $ 2 to settle at $101.32 per barrel, pushing energy stocks higher.
Cabot oil and gas Corp. led the S & P 500, rising 7 percent. Increase in the price of copper, silver and other commodities raised miners and other hardware companies.
The Dow Jones index increased 38.45 points, or 0.3%, to close at 12,394.66.
The standard & poor 500 index increased 4.19, or 0.3%, to 1,320.47.
The Nasdaq composite increased 15.22, or 0.6%, to 2,761.38.
For the week:
The Dow Jones index is down 117.38 points or 0.9%.
The standard & poor 500 index is down 12.80 or 1 per cent.
The Nasdaq composite is down 41.94, or 1.5%.
For the year to date:
The Dow Jones index is 817.15, or 7.1%.
The S & P is 62.83, or 5.0%.
The Nasdaq is 108.51, or 4.1%.
No comments:
Post a Comment