Wall Street turns positive as oil powers energy stocks

Wall Street turns positive as oil powers energy stocks

FILE PHOTO: Traders and guests gather for the IPO of PermRock Royalty Trust on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 2, 2018. REUTERS/Brendan McDermid
REUTERS: U.S. stocks reversed course to trade higher on Thursday as energy shares climbed after oil prices hit US$80 per barrel for the first time since November 2014.At 10:53 a.m. EDT, the Dow Jones Industrial Average was up 52.92 points, or 0.21 percent, at 24,821.85. The S&P 500 was up 8.13 points, or 0.30 percent, at 2,730.59 and the Nasdaq Composite was up 20.55 points, or 0.28 percent, at 7,418.84.
(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva)
Source: Reuters
 Source : http://www.channelnewsasia.com/news/business/wall-street-turns-positive-as-oil-powers-energy-stocks-10243944