Wall Street rises as oil prices retreat from May high, Dow gains 1%

Published:

Wall Street rises as oil prices retreat from May high, Dow gains 1%
Photo: Seth Wenig/AP/TT

At the close, the Dow Jones Industrial Average had risen 1.0 percent, while the broad-based S&P 500 was up 0.3 percent. The Nasdaq’s technology-heavy composite index was weaker, trading just below zero.

General Motors fell 6.8 percent despite reporting higher-than-expected profits. However, the auto giant’s full-year profit forecast fell short of expectations.

Gaming company Hasbro surged 11.2 percent after its card game "Magic: The Gathering" grossed more than $600 million in a quarter for the first time.

SpaceX, which reports after the close, closed down 0.1 percent.

The price of North Sea oil (Brent) fell back to just over $109 per barrel. Earlier in the day, it was just over $111, the highest price since May.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News Agency. English edition by Sweden Herald, adapted for our readers

Keep reading

Loading related posts...