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Stocks rise on Wall Street, but remain lower for the week
1 month ago | By Boston Herald
By DAMIAN J. TROISE
NEW YORK - Stocks rose in morning trading on Wall Street Thursday, but remain lower for the week after five straight losses.
The S&P 500 rose 0.9% as of 10:14 a.m. Eastern. The Dow Jones Industrial Average rose 244 points, or 0.7%, to 33,842 and the Nasdaq rose 1.2%.
Energy stocks had some of the biggest gains as U.S. crude oil prices rose 2.6%. after hitting their lowest point of the year a day earlier. Exxon Mobil rose 2.4%.
Bond yields rose. The yield on the 10-year Treasury note, which helps set mortgage rates, rose to 3.48% from 3.42% late Wednesday.
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