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Dow Ends Day Up 40

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Oct 19, 2016 3:16 PM CDT

(Newser) – Stocks are ending modestly higher on Wall Street, led by energy companies as the price of crude oil climbs, the AP reports. Oil rig operator Transocean jumped 5.7% Wednesday, one of the biggest gains in the Standard & Poor's 500 index. The price of crude oil rose 2.6% to $51 a barrel in New York. Among banks, Morgan Stanley and M&T Bank each rose 1.9% after reporting earnings that beat analysts' forecasts. The Dow Jones industrial average rose 40 points, or 0.2%, to 18,202. The S&P 500 index rose 4 points, or 0.2%, to 2,144. The Nasdaq composite edged up 2 points, or 0.1%, to 5,246. (Read more Dow Jones stories.)

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