Markets Right Now: Stocks rise as energy companies surge
NEW YORK (AP) — The latest on developments in financial markets (all times local): U.S. stocks are closing higher Friday as oil prices and energy companies rallied. OPEC said it will produce more oil, but not as much as investors feared. U.S. crude jumped 4.6 percent and Exxon Mobil advanced 2.1 percent. Health care companies also rose while technology companies and banks fell. The European Union imposed tariffs on $3.4 billion in U.S. exports, and President Donald Trump threatened to put a 20 percent tax on cars made in Europe. The S&P 500 ...
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