US Markets End Higher, Buoyed By Opec News
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2018-06-23 HKT 04:30
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US stocks closed mainly higher on Friday as oil prices and energy companies rallied on the news that Opec would produce more oil - but not as much as investors feared.
US crude jumped 4.6 percent and Exxon Mobil advanced 2.1 percent.
The European Union imposed tariffs on US$3.4 billion in US exports, and President Donald Trump threatened to put a 20 percent tax on cars made in Europe.
The S&P 500 index rose 0.2 percent to finish at 2,754.
The Dow Jones Industrial Average broke an eight-day losing streak, and gained 0.5 percent to 24,580. The Nasdaq composite lost 0.3 percent to 7,692. (AP)
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