Thursday, 28 Nov, 2024

Business

US stocks climb on oil outlook

19 |
Update: 2016-03-27 00:20:56
US stocks climb on oil outlook

DHAKA: Wall Street markets were mixed on Thursday, following a late day rally caused by a report that the number of oil exploring rigs had fallen.

The Dow Jones gained 13.14 points to 17,515.73, reports the BBC.

The S&P 500 fell 0.77 points to 2,035.94, while the tech-based Nasdaq index climbed 4.64 points, to 4,773.51.

Oil services company Baker Hughes reported the number of oil exploring rigs fell by 15. There are now fewer rigs than at any time since the 1940s.

West Texas crude fell $0.33 cents to $39.46 a barrel, while Brent crude lost $0.03 to $40.44.

The Dow's biggest risers were equipment maker Caterpillar climbing 2.2% and IBM which rose 1.8%.

Figures from the Commerce Department showed orders for durable goods fell 2.8% last month, due to a sharp drop in orders for commercial aircraft.

Yahoo shares were mostly stable, gaining just 0.2%, after a major investor called for the company's entire board to be replaced.

BDST: 0508 HRS, MAR 25, 2016
RR

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.