S&P 500 Rises 0.6% at Midday on Easing Middle East Tensions
The major indexes bounced back Friday on falling oil prices. Here's what's driving the divergence between old-economy gains and tech-sector jitters.
Overview
The major indexes are rallying on Friday. Not by a lot, but any uptick counts.
Oil prices retreated from recent highs on reports of potential diplomatic progress in the Middle East. The Dow Jones Industrial Average (DJINDICES: ^DJI) is up 0.7% at 11:46 a.m. ET, gaining roughly 310 points. The S&P 500 (SNPINDEX: ^GSPC) has climbed 0.6%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) peeked 0.1% higher. All three indexes started the day lower, ranging from a 0.1% drop in the Nasdaq Composite to a 0.2% increase in the Dow.
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Originally published at www.fool.com.
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