Monday, February 22, 2016

Oiled stock jumps in New York – OBI Online

It was not only on the Oslo Stock Exchange that the whole sentiment was affected by a jump in oil prices Monday.

Light oil for delivery in March jumped more than 6 percent to $ 31.48 on the commodity exchange in New York, while the April contract rose to $ 33.37. Brent for delivery in April ended up nearly 5 percent to $ 35.28.

The rise in oil prices contributed to a conditional positive mood on the stock markets and the Dow Jones rose 228.6 points, tildsvarende 1.4 percent, to 16,620.66 . S & amp; P 500 rose 1.45 percent to 1945.50.

More than three stocks rose for every stock that fell. Three of the ten most traded shares on the NYSE fell, with Valeant down 10.7 percent at current highest sales.

The energy sector rose 2.2 percent and energy stocks topped wins lists, while more than half of the sectors rose more than index, according to Marketwatch.com. The oil company Chesapeak rose 19.5 percent, while Chevron rose 2.7 percent and Exxon Mobil fell 0.1 percent.

Nasdaq rose 1.47 percent to 4,570.61 and more than two stocks rose for each share fell. All the ten most traded shares rose, with Facebook up 2.5 percent at current highest turnover on Nasdaq.

The positive mood overshadowed too weak PMI data for industry in February, which fell from 52.4 to 51.0. It was the lowest since September 2009.

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