NEW YORK: Wall Street stocks rose on Thursday , with petroleum-linked shares gaining after suspected attacks on a pair of tankersShares of Dow member Exxon Mobil gained almost one per cent, while Halliburton surged 2.8 per cent following the incidents in the Gulf of Oman. US Secretary of State Mike Pompeo accused Iran of being behind the attacks.The Dow Jones Industrial Average finished up 101.94 points at 26,106.77.
The broad-based S&P 500 gained 11.80 points to 2,891.64, while the tech-rich Nasdaq Composite Index rose 44.41 points to 7,837.13. The gains followed two days of mild losses for US stocks, which have recovered in June after retreating in May.Investor sentiment has been lifted by a series of dovish statements by Federal Reserve officials, which has helped to offset uncertainty about US-China trade tensions.
US airline shares jumped, with American Airlines surging 6.4 per cent and United Continental rising four per cent following reports that some carriers were implementing price hikes on domestic flights.Yoga attire company Lululemon Athletica won 2.1 per cent after first-quarter earnings and sales topped analyst expectations.Tyson Foods added 0.8 per cent as it launched a slate of alternative protein products, including plant-based items and offerings that mix plant ingredients with meat.
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US: Stocks edge down, snapping winning streak[NEW YORK] Wall Street stocks finished slightly lower on Tuesday as lingering anxiety over the US-China trade clash and buying fatigue snapped the Dow's six-session winning streak. Read more at The Business Times.
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