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Wall Street rises with oil prices, earnings optimism

Reuters 

By Sinead Carew(Reuters) - Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season. The S&P energy sector closed up 2 percent as Brent crude went above $70 a barrel for the first time since December 2014, boosted by a surprise drop in U.S. production and lower crude inventories.The consumer discretionary sector saw strong gains in media and retail stocks, while the industrials index was helped by airlines after news from No. 2 U.S. carrier Delta Air Lines . "The unifying factor of today's move ...

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First Published: Fri, January 12 2018. 03:08 IST
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