Stocks up at midday as investors feel encouraged by oil price and home construction gains - InfoNews

Current Conditions


Stocks up at midday as investors feel encouraged by oil price and home construction gains

Trader Edward Curran, right, works on the floor of the New York Stock Exchange Wednesday, Jan. 21, 2015. The U.S. stock market is mixed in early trading after two straight days of gains. (AP Photo/Richard Drew)
January 21, 2015 - 9:08 AM

NEW YORK, N.Y. - U.S. stocks are moving higher at midday as investors weigh a rebound in home construction, higher oil prices and a mix of corporate earnings reports.

The Standard & Poor's 500 index rose 13 points, or 0.7 per cent, to 2,036 as of 11:57 a.m. Eastern time Wednesday. The Dow Jones industrial average climbed 56 points, or 0.3 per cent, to 17,571. The Nasdaq gained 28 points, or 0.6 per cent, to 4,682.

Stocks of energy companies rose the most among the 10 sectors in the S&P 500, as the price of benchmark U.S. crude oil climbed 3 per cent to $47.92 a barrel.

European markets were mostly higher as investors awaited the European Central Bank's decision Thursday on another wave of economic stimulus.

News from © The Associated Press, 2015
The Associated Press

  • Popular kamloops News
  • Comments
  • Pier 1 closing all of its stores in Canada
    Pier 1 Imports, Inc. announced today that it has entered into bankruptcy protection and is pursuing a sale. The retailer  commenced voluntary Chapter 11 proceedings in the U.S. Bankrupt
  • Vernon's Atlantis waterpark gets a new name
    A popular Vernon waterpark is starting its transformation with a new name. Formerly known as Atlantis Waterslides, the waterpark, located north of the city along Highway 97, has been renamed
  • Killing of 7-year-old girl stokes anger in Mexico
    MEXICO CITY - The killing of a 7-year-old girl on the southern outskirts of Mexico City has stoked rising anger over brutal slayings of women, including one found stabbed to death and skinned earl
  • Mammoth's tooth found in Williams Lake and preserved for decades by B.C. family
    What was once part of a mammoth-sized smile now is a very old conversation starter in Bryan Johnson's Vancouver home. Johnson's stepfather found a mammoth tooth in a creek at the sou
  • Vernon family captures mesmerizing melting ice
    A Vernon family was on their way home from Kelowna when they made a pit stop after noticing a beautiful scene along Wood Lake. Matthew Royal and his daughters noticed how “cool”
View Site in: Desktop | Mobile