Wall Street rises as oil price edges higher
29 December 2015
- From the section Business
(Close): Wall Street closed sharply higher on Tuesday as oil prices recovered from Monday’s falls and big technology stocks made strong gains.
The price of Brent oil is currently $37.80, while US light crude is trading at $37.88.
In the run-up to Christmas, Brent sank to $36.04, its lowest level since July 2004.
Away from the energy sector, Amazon was up 2.8% after the online retailer said three million people had joined its Prime service in the run-up to Christmas.
Apple gained 1.8%, raising hopes that a sell-off during December had come to an end.
Only one stock on the Dow lost ground – entertainment giant Disney was down 0.2%, giving up some of the sharp gains made on Monday.
This post was written by FSB News