Symbol	Name	Price		Change	%Change
DJIA	Dow Jones Industrial Average	17721.25		164.84	0.94%
NASDAQ	Nasdaq Composite Index	4872.09		38.69	0.80%
S& P 500	S& P 500 Index	2061.72		19.73	0.97%

 

Dow closes up triple digits energy, financials lead as oil surges

U.S. stocks closed higher Tuesday, with energy stocks leading as crude topped $ 42 a barrel, as investors awaited the bulk of earnings due over the next few weeks.

" I think it' s following oil and getting through the 200-day on WTI was pretty important," said Jeremy Klein, chief market strategist at FBN Securities.

" Dollar-yen is finally breaking its losing streak and doing it with gusto," he said.

WTI hit a fresh high for the year so far and settled at its highest since late November, at $ 42.17 a barrel, up $ 1.81, or 4.48 percent. U.S. crude oil futures topped their 200-day moving average for the first time since July 2014.

Oil extended earlier gains in mid-morning trade after Bloomberg, citing Interfax, reported that Saudi Arabia and Russia have reached a consensus on oil freeze. Bloomberg later reported the Russian energy ministry declined to comment on the report.
The gains in oil prices also helped financial stocks ahead of major bank earnings due later in the week. Financials was the second-best S & P performer, with the SPDR S & P Bank ETF (KBE) closing up 2.06 percent for its best day since March 11 and third-straight day of gains.

The Japanese yen continued to pull back from recent highs against the U.S. dollar, last at 108.5 yen for the greenback' s first gain against the yen in April.

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