Advertisement
Singapore markets closed

  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • Dow

    38,239.98
    +253.58 (+0.67%)
     

  • Nasdaq

    15,451.31
    +169.30 (+1.11%)
     

  • Bitcoin USD

    66,254.22
    +176.82 (+0.27%)
     

  • CMC Crypto 200

    1,424.84
    +10.08 (+0.71%)
     

  • FTSE 100

    8,069.51
    +45.64 (+0.57%)
     

  • Gold

    2,319.10
    -27.30 (-1.16%)
     

  • Crude Oil

    81.73
    -0.17 (-0.21%)
     

  • 10-Yr Bond

    4.6230
    +0.0080 (+0.17%)
     

  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     

  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     

  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     

  • Jakarta Composite Index

    7,110.81
    +36.99 (+0.52%)
     

  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

US stocks extend rally as oil nearly $50/barrel

AFP

Wall Street stocks opened higher Wednesday, extending the prior day's rally, as oil prices climbed near $50 a barrel.

Oil prices were up more than one percent ahead of US inventory data that is expected to show a drop in petroleum stocks, suggesting stronger demand.

Sentiment was further boosted by German data showing stronger business confidence in May and by an agreement of eurozone ministers that will unlock bailout funds for Greece.

Five minutes into trade, the Dow Jones Industrial Average was at 17,782.20, up 0.4 percent.

The broad-based S&P 500 rose 0.4 percent to 2,085.14, while the tech-rich Nasdaq Composite Index advanced 0.4 percent to 4,878.25.