Don’t miss the latest developments in business and finance.

Wall Street rebounds, helped by oil, earnings

Image
Reuters NEW YORK
Last Updated : Jan 27 2016 | 3:01 AM IST

NEW YORK (Reuters) - Wall Street rebounded over 1 percent on Tuesday, driven by a surge in oil prices and strong quarterly results from 3M, Johnson & Johnson and Procter & Gamble.

The Dow Jones industrial average rose 282.56 points, or 1.78 percent, to 16,167.78, the S&P 500 gained 26.52 points, or 1.41 percent, to 1,903.6 and the Nasdaq Composite added 49.18 points, or 1.09 percent, to 4,567.67.

(Reporting by Noel Randewich; Editing by Nick Zieminski)

Also Read

First Published: Jan 27 2016 | 2:38 AM IST

Next Story