• BREAKING NEWS 3 suspects arrested for yoga teacher's murder to be charged with SF murder

Energy stocks lead another advance as price of oil climbs

Stocks are closing solidly higher on Wall Street, continuing a weeklong advance.

Investors were relieved Thursday by minutes from the Federal Reserve's latest meeting, which showed that policymakers were in wide agreement to keep rates low.

Energy stocks rose more than the rest of the market as the price of oil continued to recover. Chevron rose 2 percent. Industrial and basic materials companies also rose.

Netflix jumped 6 percent after the video streaming company said it would raise its prices.

The Dow Jones industrial average rose 138 points, or 0.8 percent, to 17,050.

The Standard & Poor's 500 index gained 17 points, or 0.9 percent, to 2,013. The Nasdaq composite increased 19 points, or 0.4 percent, to 4,810.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.10 percent.
Related Topics:
business wall street stocks business earnings u.s. & world financial markets bonds federal reserve interest rates taco bell pizza New York
(Copyright ©2015 by The Associated Press. All Rights Reserved.)

Load Comments