X

Energy Stocks Lead US Indexes Higher

Price of crude oil hits highest point since 2014
By Newser Editors and Wire Services
Posted Jan 11, 2018 3:23 PM CST

(Newser) – Stocks closed Thursday at more all-time highs as energy companies led the way, the AP reports. The price of crude oil rose again and is the highest it's been since 2014. Chevron climbed 3% and Exxon Mobil rose 1%. Trading was calmer following a wobble the day before, when a temporary rise in bond yields got investors worried. The Standard & Poor's 500 index posted its seventh gain in the last eight days. Delta Air Lines rose 4.8% after reporting solid results.

The S&P 500 climbed 19 points, or 0.7%, to 2,767. The Dow Jones industrial average gained 205 points, or 0.8%, to 25,574. The Nasdaq rose 58 points, or 0.8%, to 7,211 Bond prices rose. The yield on the 10-year Treasury fell to 2.54%.

(Read more stock market stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.