08-06-2016 15:57 via news.yahoo.com

Wall Street move higher as oil rally continues

U.S. stocks rose on Wednesday, with the S&P inching closer to its record high, as oil prices increased again and chances of an interest rate hike in the near term faded. Gains in energy stocks on Tuesday pushed the Dow above the 18,000 mark for the first time since April, while the S&P rose to within 23 points of its record high it touched in May 2015. A few concurrent bullish events such as demand for commodities and the S&P and Dow breaching key resistance areas will likely keep th
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