US Stocks Rally On Oil And Rates
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2018-05-10 HKT 04:38
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Wall Street stocks rose on Wednesday, with energy shares boosted by higher oil prices and banking shares advancing on expectations of increased interest rates.
The Dow Jones Industrial Average gained 0.8 percent to close at 24,542.54.
The broad-based S&P 500 gained 1.0 percent to 2,697.79, and the tech-rich Nasdaq Composite Index jumped 1.0 percent to 7,339.91.
Petroleum-linked shares enjoyed a strong session after President Donald Trump's decision to exit the Iran nuclear deal lifted shares of Dow members ExxonMobil, Chevron and other companies across the sector. (AFP)
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