While you were sleeping: Oil gushes lifting equities

While you were sleeping: Oil gushes lifting equities
By Margreet Dietz Dec. 18 (BusinessDesk) - Wall Street rose as oil rebounded amid speculation it had fallen too far too fast and as investors positioned for the last policy statement of the year from the US central bank. In afternoon trading in New York, the Dow Jones Industrial Average climbed 0.93 percent, the Standard & Poor’s 500 Index strengthened 0.91 percent, while the Nasdaq Composite Index gained 0.73 percent. Gains in shares of Chevron and those of McDonald’s, last up 3.7 percent and 3.1 percent respectively, led the Dow high...