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Oil surge keeps Wall Street's losses in check

Reuters 

By Medha Singh(Reuters) - A surge in energy and industrial shares kept Wall Street's losses in check on Thursday, even as a rise in U.S. bond yields to a fresh seven-year high suggested more competition for equities.The energy sector jumped 1.31 percent, giving the benchmark S&P 500 the biggest boost, as Brent crude touched $80 per barrel for the first time since November 2014.The Russell 2000 index hit a record high for the second session in a row as small-cap companies continued to outperform. Latest data showed the number of Americans on unemployment rolls last week fell to the lowest ...

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First Published: Thu, May 17 2018. 22:59 IST
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