U.S. Stocks up as energy stocks lift up Wall Street

Wall Street rebounds as energy stocks rise over Syria


Today – Wednesday August 28th 2013

  • 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.
  • Energy shares <.spny> rose 1.8 percent, by far the biggest gainer among S&P 500 sectors. Chevron Corp gained 2.5 percent to $121.81 while Exxon Mobil was up 2.3 percent to $88.84. The two provided the biggest lifts to the Dow industrials and the S&P 500.
  • At the U.N. Security Council, Britain sought authorization for military action for an alleged poison gas attack against Syrian civilians by President Bashar al-Assad’s government. U.S. officials described plans for multinational strikes that could last for days.
  • The world seems increasingly convinced that the U.S. — and its allies — will make a military strike against Syrian government forces in the coming days.

Categories: Equity Capital Markets

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