NEW YORK, N.Y. – U.S. stocks are closing at a record as energy prices rebound and as Republicans gained control of the Senate.
The Dow Jones and Standard & Poor’s 500 indexes closed at all-time highs Wednesday.
Devon Energy jumped 10 per cent and Chesapeake Energy rose 7 per cent. Both reported earnings that were better than Wall Street analysts were expecting.
The S&P 500 index rose 11 points, or 0.6 per cent, to 2,023.
The Dow rose 100 points, or 0.6 per cent, to 17,484. The Nasdaq composite fell three points, or 0.1 per cent, to 4,620.
U.S. crude oil rose $1.49 to $78.68 a barrel in New York. It was the first gain for the price of oil in five days.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.36 per cent.