Market Watch: Energy & Tech Stocks Lead to Gains

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Big gains in the energy and technology sectors helped push all three major indices to higher levels on Wall St. Global oil prices surged due to a report on heating oil and gasoline inventories will show a decline, while the prospect of falling natural gas shale production also added to fuel gains. Oil briefly traded more than 4 percent higher before settling up $1.76, or 3.81 percent, at $47.90 a barrel. The focus today was on factory orders from the Commerce Department, which fell for the second-straight month, and last month’s auto sales. Shares of companies that make chips for Apple also fell Tuesday on a report from Pacific Crest citing weak iPhone sales. Investors will await Friday’s all-important October jobs report. Tomorrow, the Chair of the Federal Reserve’s Open Market Committee Janet Yellen will talk about bank regulation at 10:00 a.m. on Capitol Hill.

Here are the final numbers from Tuesday, 11/3/15 on Wall Street:

Dow Jones Industrial Average: 17, 918.15 (+89.39/ +0.50%)

NASDAQ: 5,145.14 (+17.98/ +0.35%)

S&P 500: 2,104.05 (+5.74 / +0.27%)

 

 

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