While you were sleeping: Energy stocks lead Wall St rally

Wed, 30 May 2018

By Margreet Dietz May 31 (BusinessDesk) - Wall Street rallied as a rebound in oil prices lifted energy stocks, while easing concern about Italy’s political turmoil also added to sentiment. In 2.33pm trading in New York, the Dow Jones Industrial Average climbed 1.4 percent, while the Nasdaq Composite Index rose 1 percent. In 2.18pm trading, the Standard & Poor’s 500 Index gained 1.3 percent. The Dow rose, led by rallies in shares of Exxon Mobil and those of Chevron, recently up 3.9 percent and 3.4 percent respectively, as energy stocks...

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