US stocks rose in low volume on Wednesday, led once more by the direction of the price of oil and energy sector shares.
Crude oil and US equity prices have been linked for much of 2016 to a degree that has surprised many investors. Wednesday’s market action extended that trend, with WTI crude CLc1 rising nearly 5 percent and the S&P 500 energy sector .SPNY up 1.5 percent. Chevron jumped 4.6 percent to USD 92.82 and gave the biggest boost to the energy sector.
The Dow Jones industrial average rose 36.26 points, or 0.21 percent, to 17,000.36, the S&P 500 gained 10 points, or 0.51 percent, to 1,989.26 and the Nasdaq Composite added 25.55 points, or 0.55 percent, to 4,674.38.
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