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Energy sector boosts indices but still off intraday highs

  • Regular
  • US Market
  • 7 months ago
  • 97

The U.S. energy sector boosted markets just enough to show gains, however other issues such as Brexit are still weighing down on a possible breakthrough.

The DJIA rose by 0.6% as shares of Mc Cormick & Co. Inc. increased by 1% due to a fourth-quarter earnings report that beat expectations.

Meanwhile the S&P 500 also climbed by 0.7%  with the Nasdaq following suit by the same figure, however shares of Apple fell by 1% following the U.S. International Trade Commission ruled that the iPhone maker infringed on an aspect of a Qualcomm Inc., resulting on a ban for some of Apple’s devices.

 

 

Source: Smart Trend Team