US stocks trade higher

New York, June 9 (IANS) US stocks traded mostly higher as investors shifted their focus from a possible interest rate hike to gains in oil prices.

The Dow Jones Industrial Average rose 30.51 points, or 0.17 per cent, to 17,968.79 on Wednesday, Xinhua news agency reported.

The S&P 500 gained 1.85 points, or 0. 09 percent, to 2,113.98. The Nasdaq Composite Index ticked up 1.15 points, or 0.02 percent, to 4,962.90.

Oil prices extended recent gains to trade nearly 1 per cent higher on Wednesday. Both Brent and WTI held strong above $50 a barrel in early session, helped by a larger-than-expected US crude stockpile draw.

US stocks closed mixed on Tuesday, as Wall Street continued to assess US Federal Reserve Chair Janet Yellen’s speech on the US economy.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here