Dow's 7-Day Losing Streak Ends

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Aug 3, 2016 3:16 PM CDT
In this Wednesday, May 4, 2016, file photo, trader Edward Curran, right, works near the post that handles CBS Corp. on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are ending mostly higher after a big jump in the price of oil helped the Dow Jones industrial average break a seven-day losing streak, the AP reports. Energy companies led gainers along with the price of oil after the government said gasoline stockpiles shrank by more than expected last week. Williams Cos. rose 7% and Chesapeake Energy rose 8%. Consumer goods and utilities companies lagged the market on weak earnings reports. Designer handbag purveyor Kate Spade slid 18% and footwear maker Crocs plunged 23%. The Dow gained 41 points, or 0.2%, to 18,355. The Standard & Poor's 500 rose 7 points, or 0.3%, to 2,164. The Nasdaq composite rose 22 points, or 0.4%, to 5,160. (Read more Dow Jones stories.)

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