Home > Article
VOL. 40 | NO. 41 | Friday, October 7, 2016
US stocks close solidly higher
NEW YORK (AP) — Stocks are ending higher, led by gains in energy companies as the price of crude oil rose to its highest level in more than a year.
The price of crude jumped above $51 a barrel Monday after Russia said it supports efforts by OPEC to cut production. That's the highest level since July 2015.
Apple climbed, leading the technology sector higher, after new reports of fires affecting Samsung's Galaxy Note 7 phone, which competes with Apple's iPhone.
The Dow Jones industrial average rose 88 points, or 0.5 percent, to 18,329.
The Standard & Poor's 500 index gained 9 points, or 0.5 percent, to 2,163. The Nasdaq composite climbed 36 points, or 0.7 percent, to 5,328.
Bond trading was closed for the Columbus Day holiday.