Energy Stocks Lead US Indexes Higher

Price of crude oil hits highest point since 2014
By Newser Editors and Wire Services
Posted Jan 11, 2018 3:23 PM CST
Energy Stocks Lead US Indexes Higher
In this Wednesday, Dec. 27, 2017 file photo, a logo for the New York Stock Exchange is displayed above the trading floor.   (AP Photo/Mark Lennihan, File)

Stocks closed Thursday at more all-time highs as energy companies led the way, the AP reports. The price of crude oil rose again and is the highest it's been since 2014. Chevron climbed 3% and Exxon Mobil rose 1%. Trading was calmer following a wobble the day before, when a temporary rise in bond yields got investors worried. The Standard & Poor's 500 index posted its seventh gain in the last eight days. Delta Air Lines rose 4.8% after reporting solid results.

The S&P 500 climbed 19 points, or 0.7%, to 2,767. The Dow Jones industrial average gained 205 points, or 0.8%, to 25,574. The Nasdaq rose 58 points, or 0.8%, to 7,211 Bond prices rose. The yield on the 10-year Treasury fell to 2.54%.

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