Wednesday, 13 January 2016

Energy, biotech help lift Wall Street to second day of gains

A late rebound in energy and biotech shares helped push the S&P 500 to a second straight day of gains on Tuesday, while Apple and other technology shares also boosted the market. 

The Nasdaq snapped an eight-session losing streak, with the Nasdaq Biotech Index rebounding late, also breaking an eight-day run of losses. The biotech index, among the hardest-hit in this year's selloff, ended up 1.5 percent. 

Crude oil prices ended lower after another roller-coaster session, but the S&P 500 energy index reversed course to end up 0.4 percent, while shares of Exxon Mobil jumped 2 percent to USD 75.20 and Chevron rose 1.7 percent to USD 82.15.

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