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Wall Street stocks slightly higher after boost in crude oil price

Published 08/04/2016

Wall Street stocks were slightly up after a rise in the price of crude oil
Wall Street stocks were slightly up after a rise in the price of crude oil

US stocks closed slightly higher on Wall Street, led by energy companies as the price of crude oil turned sharply higher.

Murphy Oil jumped 5% on Friday, and offshore drilling company Transocean gained 3%.

The price of benchmark US crude rose more than 6% in New York.

Gap plunged 14% after reporting big drops in March sales. Other retailers also fell.

The Dow Jones industrial average rose 35 points, or 0.2%, to 17,576.

The Standard & Poor's 500 index climbed four points, or 0.2%, to 2,046. The Nasdaq composite added two points, or 0.1%, to 4,850.

The market is coming off its biggest loss in six weeks.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.72%.

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