Thursday, 29 August 2013

U.S.MARKET UPDATE

Wall Street rose on Wednesday as energy shares rallied on higher oil prices as the United States and its allies edged closer to military action against Syria.


Trading volume was thin and came after a drop in the S&P 500 index on Tuesday to its lowest in two months. On Wednesday stocks recouped some of the losses as traders bought energy stocks, which rose on a spike in oil prices as markets feared supply interruptions from the Middle East.