U.S. stocks climbed on Wednesday led by energy shares, as the market’s comeback rally extended into a third day, CNBC reports.
The Dow Jones Industrial Average advanced by 40 points. The S&P 500 gained by 0.2 percent, sitting 0.1 percent from a record. The Nasdaq Composite climbed by 0.4 percent after closing at a record in the previous session. That was the Nasdaq’s first new high since April 29th as investors have started to rotate back into Big Tech shares.
Energy names including Exxon Mobil and Chevron climbed as oil prices continued to rise. Brent crude topped US$75 a barrel to hit a two-year high on Wednesday.
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