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Oil surge spurs Wall Street turnaround, sends Russell 2000 to record

Reuters 

By Medha Singh(Reuters) - Energy and industrial stocks led Wall Street higher on Thursday and the small-cap Russell 2000 hit a record, even as a rise in U.S. bond yields to fresh seven-year highs suggested more competition for equities and investors fretted over geopolitics.The energy sector rose 1.41 percent, giving the benchmark S&P 500 the biggest boost, as Brent crude hit $80 per barrel for the first time since November 2014 as renewed U.S. sanctions threatened a fall in exports from Iran in an already tightening market.Smaller companies continued this year's trend of outperforming their ...

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First Published: Thu, May 17 2018. 21:40 IST
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