Market Watch: Energy & Tech Stocks Lead to Gains

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%)

 

 

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 6 days ago
Phil Cannella
Phil Cannella
Phil Cannella

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