While you were sleeping: Oil prices rise

Mon, 16 Jun 2014

By Margreet Dietz June 17 (BusinessDesk) - Wall Street eked out gains as merger and takeover activity outweighed concern about rising oil prices and escalating chaos in Iraq and an IMF downgrade in its US economic growth forecast. In the final hour of trading in New York, the Dow Jones Industrial Average rose 0.05 percent, the Standard & Poor’s 500 Index added 0.09 percent, while the Nasdaq Composite Index gained 0.17 percent. In the Dow, gains in shares of Chevron, up 1.2 percent, and those of Home Depot, up 1.1 percent, outweighed de...

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