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Indices rally due to positive trade talks, energy sectors surge

  • Regular
  • US Market
  • 9 months ago
  • 176

Following what many have described as a positive meeting between U.S. and China on trade talks, indices in the States have slightly edged up in a volatile session.

The DJIA rose by 0.4%, although dropping 131.57 points in the early exchanges.

Meanwhile the S&P 500 inched higher by 0.7% and the Nasdaq composite climbed by 1.3% as Amazon shares rallied by over 3%, threatening Microsoft’s top spot as the U.S. most valuable company.

This was also the Nasdaq 7th consecutive winning streak out of eight sessions.

The strongest sector was the S&P 500 energy sector as it rose by 1.3% as Cabot Oil and Hess surged by more than 4%, along with energy stocks as oil prices, too, rallied by 1.2%.

 

 

Source: Smart Trend Team