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US: Banks, oil companies lift stocks

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[NEW YORK] Wall Street stocks finished higher on Monday, with gains from petroleum companies and banks more than offsetting another drop in Boeing shares. Read more at The Business Times.

[NEW YORK] Wall Street stocks finished higher on Monday, with gains from petroleum companies and banks more than offsetting another drop in Boeing shares.The broad-based S&P 500 gained 0.4 per cent to end at 2,832.94, while the tech-rich Nasdaq Composite Index rose 0.3 per cent to 7,714.48.

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. Marriott rose 2.2 per cent after releasing a plan to add between 275,000 and 295,000 new hotel rooms by 2021, an expansion that could lift annual revenues by US$700 million.

 

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