Oil prices are providing a lift to the energy sector
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| | | 9/09/2019 | |
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| Stocks Push Higher Again; Oil Gains | | By Josh Selway | | The Dow Jones Industrial Average (DJI) is holding in positive territory today, putting the index on pace for a fourth consecutive win. Optimism toward U.S.-China trade could be a main driver, after Politico reported over the weekend Beijing may boost its U.S. agriculture purchases as part of broader negotiations -- sending Caterpillar (CAT) near the top of the Dow. The energy sector is also an area of strength, rising alongside oil prices. At last check, October crude futures were up 2.8% at $58.10 per barrel, getting a boost from expected output cuts from Saudi Arabia. This, along with gains out of the retail space, has the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) in positive territory, as well. Continue reading for more on today's market, including: | | >> Continue reading... | |
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