NEW YORK, N.Y. – Stocks eked out tiny gains Wednesday as oil prices continued to recover and investors hoped that the worst may be over for the beleaguered energy industry. Telecommunications companies, which have climbed as the rest of the market has struggled this year, also rose.
The Dow Jones industrial average edged up 34.24 points, or 0.2 per cent, to 16,899.32.
The Standard & Poor’s 500 index added 8.10 points, or 0.4 per cent, to 1,986.45.
The Nasdaq composite index rose 13.83 points, or 0.3 per cent, to 4,703.42.
For the week:
The Dow has gained 259.35 points, or 1.6 per cent.
The S&P 500 has risen 38.40 points, or 2 per cent.
The Nasdaq has advanced 112.95 points, or 2.5 per cent.
For the year:
The Dow is down 525.71 points, or 3 per cent.
The S&P 500 is down 57.49 points, or 2.8 per cent.
The Nasdaq is down 303.99 points, or 6.1 per cent.