US STOCKS-Energy stocks lead Wall St higher as oil rises

viernes 11 de marzo de 2016 11:01 GYT
 

* Crude prices up more than 2 pct

* All 30 Dow components rise

* Symantec up after stock upgrade

* Indexes up: Dow 0.89 pct, S&P 0.93 pct, Nasdaq 0.97 pct (Updates to open)

By Abhiram Nandakumar

March 11 (Reuters) - Wall Street rose on Friday, propelled by energy stocks as oil held on to gains.

Crude prices rose more than 2 percent, after the International Energy Agency said oil prices might have bottomed as output in the United States and other non-OPEC countries was beginning to fall quickly.

All 10 major S&P sectors were higher, led by a 2.16 percent rise in energy. Shares of Chevron were up 1.8 percent at $95.65, while those of Exxon rose 1.2 percent to $83.12.

"It looks like we're going to close the week on a high note as people are rethinking Draghi's powerful stimulus program," said Peter Cardillo, chief market economist at First Standard Financial in New York.   Continuación...