Wall Street modestly higher as energy stocks rally

The S&P 500's modest increase followed four weeks of mostly steady gains that have left the index down 3 percent in 2016 after the worst January since 2009. "A lot of times you'll see a head fake and this potentially could be," said Andrew Bodner, president of Double Diamond Investment Group in Parsippany, New Jersey. At 2:41 p.m. (1941 GMT), the Dow Jones industrial average was up 0.08 percent at 16,912.6 and the S&P 500 had gained 0.15 percent to 1,989.38.