Energy led gains, supported by higher crude prices. Shares in retailer Best Buy rose 12.8% after forecasting a smaller drop in annual sales than previously estimated. But shares in discount retailer Dollar Tree fell by 7.8% after the company cut its annual profit forecast for a second time. At the close of trade, the Dow Jones index was up by 398 points or 1.2%. The S&P 500 index lifted by 1.4% and the Nasdaq index lifted by around 150 points or 1.4%.
Visit CommSec’s Market News hub: https://www.commsec.com.au/market-news/the-markets.html
Follow us on Twitter: http://www.twitter.com/commsec
Follow Us On Instagram: https://www.instagram.com/commsec
Subscribe to CommSecTV: https://www.youtube.com/user/CommSecTV