Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

Oil's well: Rising energy stocks help send S&P 500 to record

 

May 16, 2017



NEW YORK (AP) — A spurt in oil prices on Monday revived energy stocks, which have been among the year’s worst performers, and helped push the broader market back to record highs.

The Standard & Poor’s 500 index climbed 11.42 points, or 0.5 percent, to 2,402.32, edging past its prior record set last week.

The Dow Jones industrial average gained 85.33 points, or 0.4 percent, to 20,981.94, the Nasdaq composite gained 28.44, or 0.5 percent, to 6,149.67 and the Russell 2000 index of smaller stocks rose 11.15 points, or 0.8 percent, to 1,393.92.

Energy stocks helped lead the way after the p...



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