US: Stocks rise as energy shares gain
[NEW YORK] US stocks resumed their upward climb in opening trade Monday, as higher oil prices boosted petroleum-linked equities.
Dow members Chevron and ExxonMobil were both up about 0.5 per cent as oil prices rose on speculation producers in the Organization of the Petroleum Exporting Countries will move to limit output next month. US stocks hit all-time highs last week.
This week's calendar includes US consumer price index data for July and earnings from leading retailers including Wal-Mart Stores and Home Depot.
Five minutes into trade, the Dow Jones Industrial Average stood at 18,635.71, up 0.3 per cent.
The broad-based S&P 500 rose 0.2 per cent to 2,189.12, while the tech-rich Nasdaq Composite Index advanced 0.3 per cent to 5,246.65.
AFP
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%
Stocks to watch: Keppel, FCT, Suntec Reit, OUE Reit, Clint, Digital Core Reit, OKP, Cordlife
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data