US stocks close mixed on rising oil prices
Written by : IANS | Sat, Jun 24, 2017, 11:47 AM
New York, June 24: US stocks closed mixed as oil prices recovered from previous sessions' sharp declines.
The Dow Jones Industrial Average on Thursday was down 12.7 points, or 0.06 percent, to 21,397.29, Xinhua news agency reported.
The S&P 500 lost 1.11 points, or 0.05 percent, to 2,434.50. The Nasdaq Composite Index added 2.73 points, or 0.04 percent, to 6,236.69.
The market was under pressure on Tuesday and Wednesday as the energy sector dropped over 2 per cent on falling oil prices. Oil prices declined over 4 percent in the past two days amid concerns of rising production.
Investors' sentiment was lifted as crude futures for August delivery climbed nearly 0.5 percent on Thursday.
Meanwhile, the US stocks were also influenced by rising health care sector. The sector climbed over 1 per cent as investors were awaiting the unveiling of the Senate's health care bill next week, with aims at repealing and replacing Obamacare.