Dow Ends Day Up 110

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Sep 28, 2016 3:16 PM CDT
FILE - In this Monday, Sept. 26, 2016, file photo, trader Michael Milano, center, works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing solidly higher after energy companies soared along with the price of crude oil, the AP reports. Energy stocks had their biggest one-day gain since January Wednesday after the price of crude jumped 5% on reports that OPEC nations had agreed to production cuts. Nine of the 10 biggest gainers in the Standard & Poor's 500 index were energy companies, led by an 11% surge in Murphy Oil. Mattress maker Tempur Sealy plunged 22% after delivering a weak forecast. The Dow Jones industrial average rose 110 points, or 0.6%, to 18,339. The S&P 500 gained 11 points, or 0.5%, to 2,171. The Nasdaq composite increased 12 points, or 0.2%, to 5,318. (Read more Dow Jones stories.)

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