- Title: Tech, energy shares lift Wall Street
- Date: 23rd June 2017
- Summary: NEW YORK CITY, NEW YORK, UNITED STATES (JUNE 23, 2017) (REUTERS) (SOUNDBITE) (English) FIRST AMERICAN TRUST CIO JERRY BRAAKMAN, SAYING: "There's a lot of optimism on growth in this economy, earnings, and so investors are continuing to pour money into the market, trying to drive those markets higher. We do have to start being cautious as far as when is this run going to end. Obviously, we've had a great year so far. We continue to see that this year."
- Embargoed: 7th July 2017 21:44
- Keywords: technology stocks investors oil prices
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA0026MI1LE5
- Aspect Ratio: 16:9
- Story Text: U.S. stocks ended higher on Friday (June 3) after a last-minute trading spike and a technology sector gain offset weakness in financial stocks and sent the Nasdaq higher, giving it a weekly gain for the first time in three weeks.
The energy sector rebounded and finished the strongest of the S&P's 11 sectors with a 0.8 percent rise as oil prices came back from multi-month lows.
Oil prices edged up Friday after hitting their lowest point since August earlier in the week, but showed an almost 20 percent year-to-date drop as production cuts have failed to reduce oversupply. Even after Friday's gains, the energy sector posted its worst weekly decline since September.
The Dow Jones Industrial Average closed down 2.53 points, or 0.01 percent, to 21,394.76, the S&P 500 gained 3.8 points, or 0.16 percent, to 2,438.3 and the Nasdaq Composite added 28.57 points, or 0.46 percent, to 6,265.25. - Copyright Holder: REUTERS
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