Banks, oil companies lift US stocks

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NEW YORK: Wall Street stocks finished higher on Monday (Mar 18), with gains from petroleum companies and banks more than offsetting another drop ...

NEW YORK: Wall Street stocks finished higher on Monday , with gains from petroleum companies and banks more than offsetting another drop in Boeing shares.Advertisement

After a bruising conclusion to 2018, US stocks have spent much of the first quarter pushing higher amid expectations for a US-China trade deal and dovish commentary from the Fed. Both the S&P 500 and Nasdaq ended last week at five-month highs and added further to gains on Monday.Oil-linked shares prospered with higher crude prices. Halliburton jumped 3.2 per cent, Exxon Mobil 1.2 per cent and Apache 1.6 per cent.

 

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