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22 Jan 2016
US stocks follow oil higher, Dow up 200 points
FXStreet (Mumbai) - US stocks opened higher and remain positive, tracking the sharp recovery in oil prices from the multi year lows and on hopes of stimulus in the Eurozone and Japan.
At the time of writing, the Dow Jones industrial average (DJIA) was up 230 points or 1.4%. The S&P 500 was up 35 points or 1.8%. The Nasdaq index was up 2.4% as well.
The DJIA Oil and Gas index the top gaining sector; was up 4%. All other sectors were trading in the green. Shares like Caterpillar, Apple, Walt Disney, Microsoft were the top gainers. Meanwhile, the losing side included names like American Express, General Electric.
The US stock market has failed to sustain any rallies this month as risk-averse investors search for signs of stability.
At the time of writing, the Dow Jones industrial average (DJIA) was up 230 points or 1.4%. The S&P 500 was up 35 points or 1.8%. The Nasdaq index was up 2.4% as well.
The DJIA Oil and Gas index the top gaining sector; was up 4%. All other sectors were trading in the green. Shares like Caterpillar, Apple, Walt Disney, Microsoft were the top gainers. Meanwhile, the losing side included names like American Express, General Electric.
The US stock market has failed to sustain any rallies this month as risk-averse investors search for signs of stability.