Oil Surge Keeps Wall Streets Losses In Check


– A surge in energy and industrial shares kept Wall Street’s losses in check on Thursday, even as a rise in U.S. bond yields to a fresh seven-year high suggested more competition for equities.

The energy sector jumped 1.31 percent, giving the benchmark S&P 500 the biggest boost, as Brent crude LCOc1 touched $80 per barrel for the first time since November 2014. [O/R]

The Russell 2000 index hit a record high for the second session in a row as small-cap companies continued to outperform.

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