Friday, 12 January 2018

Wall Street Rises With Oil Prices, Earnings Optimism

Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season. The S&P energy sector closed up 2 percent as Brent crude went above $70 a barrel for the first time since December 2014, boosted by a surprise drop in US production and lower crude inventories.

The consumer discretionary sector saw strong gains in media and retail stocks, while the industrials index was helped by airlines after news from No. 2 US carrier Delta Air Lines.

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