Stocks rise in late rally on higher oil; energy stocks jump
Source: AP-Excite
By BERNARD CONDON
NEW YORK (AP) — A late rally led by energy companies pushed U.S. stock indexes higher Monday after the market flitted between small gains and losses for most of the day.
Stocks opened higher, then moved down, then back up as investors seemed unable to make up their minds. A pair of weak reports on the U.S. economy fed the uncertainty. Oil prices ended up surging for a third straight day, and stocks of big producers jumped. All 10 industry sectors in the Standard and Poor's 500 index rose.
Exxon Mobil rose 2.5 percent after reporting better-than-expected earnings. Chevron jumped 3.4 percent. Both companies are members of the Dow Jones industrial average.
The market got a lift in early trading after European markets climbed following reassuring comments from France on Greece's efforts to ease the terms of its financial rescue program.
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FILE - This Oct. 8, 2014, file photo, shows a Wall Street address carved in the side of a building, in New York. Global stocks struggled on Monday, Feb. 2, 2015, after Chinese manufacturing weakened, though European markets were stable after France endorsed Greek efforts to ease its bailout terms. (AP Photo/Mark Lennihan, File)
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