Stocks climb as energy sector rallies; Wall Street tries to look past tariff spatPublished: June 27, 2018 11:11 a.m. ET
U.S. stock-market indexes were rallying Wednesday morning, with the energy sector leading the charge on the back of gains in crude-oil futures. Wall Street buying appetite also appeared to be stoked after the Trump administration said it would use existing laws to restrict Chinese investment in the U.S. instead of relying on more aggressive executive orders.
What did the benchmarks do?The Dow Jones Industrial Average DJIA, +0.74% rose 190 points, or 0.8%, to 24,477, trading above its 200-day moving average.
The S&P 500 index SPX, +0.46% advanced 13 points, or 0.5%, to 2,736, with all 11 main sectors trading higher. Energy shares led the gain, up 1.9%, thanks in part to a rally in oil prices. Materials and industrials were up both up by at least 1%.
The Nasdaq Composite Index COMP, +0.16% rose 14 points, or 0.2% to 7,575.
https://www.marketwatch.com/story/dow-futures-slide-200-points-on-fears-of-a-full-scale-trade-war-2018-06-27