Sumary of Wall Street rises as oil prices jump, ASX set to follow:
- In New York, the S&P 500 rose 0.9 per cent, to 4,480, the Dow Jones Industrial Average was 0.7 per cent higher, at 34,814, and the Nasdaq Composite traded 0.9 per cent higher, at 15,161. Among the 11 major sectors in the S&P 500, all but utilities gained ground.
- Tech stocks gain Apple stocks gained 0.6 per cent after a decline in recent sessions, following an adverse court ruling on its business practices and a lukewarm response to its new iPhone.
- Tesla stocks gained 1.5 per cent and Amazon rose by 0.7 per cent.
- “Today is the first time in a while when both growth and value stocks are doing pretty well.