Fri, 29 Oct 2021

U.S. stocks rise as energy jumps

Xinhua
16 Sep 2021, 07:05 GMT+10

NEW YORK, Sept. 15 (Xinhua) -- U.S. stocks rebounded on Wednesday after a sell-off in the prior session, buoyed by a rally in the energy sector.

The Dow Jones Industrial Average rose 236.82 points, or 0.68 percent, to 34,814.39. The S&P 500 was up 37.65 points, or 0.85 percent, to 4,480.70. The Nasdaq Composite Index jumped 123.77 points, or 0.82 percent, to 15,161.53.

Ten of the 11 primary S&P 500 sectors ended in green, with energy up 3.81 percent, leading the gainers. Utilities slipped 0.15 percent, the worst-performing group.

U.S.-listed Chinese companies traded flat with five of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

On Tuesday, U.S. equities closed lower with the Dow shedding 292 points, even after data showed a key inflation reading that was tamer than expected.

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