The highest oil prices since last October sent energy stocks and oil oil related stocks further.
PMI for the services sector showed a surprise drop in April, but it was not so many who cared about.
the Dow Jones rose 0.81 percent to 17,849.93 and the S & amp; P 500 rose 0.69 percent to 2090.45. Nasdaq ended up 0.7 percent to 4894.89.
For each share that fell there were two stocks that rose and nine out of ten most traded shares rose. Nasdaq was just Yahoo that fell and on the NYSE was only Alibaba falling.
Alibaba was in turn beaten down when it became known that the company is under investigation by the FSA in the United States. The company is cooperating with the SEC investigation, it says, but the stock fell 6.8 percent and went well with the 15-percent owner Yahoo down 5.2 percent. In addition, it is expected that the sale of Yahoo’s core business, according to Market Watch, yielded less than previously expected.
HP rose 2.4 percent in regular trading and continued up 0.8 percent after trading despite quarterly report showed a drop in revenue from $ 13 billion last year to $ 11.6 billion this year. Meanwhile fell earnings per share. share by 2 cents to 38 cents. The company lowered also guidance for the year.
Light Oil in New York rose to $ 49.7 while Brent rose to $ 49.9, partly affected by a major drop in oil stocks than expected.
Exxon Mobil rose 0.7 percent and Chevron rose 1.6 percent while oil service index OSX rose 3.8 percent.
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