U.S. stocks rose at the start of trade Friday as investors took comfort in rising oil prices, which were set to advance for the third straight day after a...
U.S. stocks rose at the start of trade Friday as investors took comfort in rising oil prices, which were set to advance for the third straight day after a record slide earlier in the week that took a key oil-futures contract into negative territory, and as Dow component American Express Co. [S: AXP] reported first-quarter earnings that beat expectations. The Dow Jones Industrial Average DJIA, +0.30% rose 138 points, or 0.6% to 23,649, the S&P 500 index SPX, +0.24% gained 13 points, or 0.
was weighing on the Dow's advance after the chip-maker warned that profit in the second quarter would be lower than expected.
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