» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 40 | NO. 9 | Friday, February 26, 2016

Stocks inch higher as energy rallies; Monsanto tumbles

Print | Front Page | Email this story

NEW YORK (AP) — U.S. stocks are closing modestly higher, led by gains in energy companies as investors hope that the worst may soon be over for the battered sector.

Exxon Mobil led the Dow Jones industrial average higher with a gain of 2 percent. Other energy companies also rose.

Investors were encouraged by another gain in the price of oil, its seventh rise in the last eight days.

Agribusiness giant Monsanto dropped 8 percent after cutting its outlook, and spirits maker Brown-Forman, whose brands include Jack Daniels, fell 2 percent after lowering its guidance.

The Dow Jones industrial average edged up 34 points, or 0.2 percent, to 16,899.

The Standard & Poor's 500 index added eight points, or 0.4 percent, to 1,986. The Nasdaq composite climbed 13 points, or 0.3 percent, to 4,703.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0