While you were sleeping: Oil lifts equities

Mon, 22 Feb 2016

By Margreet Dietz Feb. 23 (BusinessDesk) - Equities climbed with the price of oil, underpinning investors’ demand for recently-battered stocks such as banks and miners. In 12.42pm New York trading, the Dow Jones Industrial Average climbed 1.4 percent, while the Nasdaq Composite Index advanced 1.5 percent. In 12.28pm trading, the Standard & Poor’s 500 Index gained 1.3 percent. Gains in shares of UnitedHealth Group and those of Caterpillar, last up 3.6 percent and 2.7 percent respectively, led the advance in the Dow. All 30 stocks on the...

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