NEW YORK (AP) — Investors are riding higher energy prices into the close of a strong quarter.
Energy, industrial and materials stocks led the market higher in light trading volume Monday as investors looked to put money into areas that would benefit from an improving economy.
Crude oil rose $1.78 to $70.94 a barrel on the New York Mercantile Exchange after Nigerian militants damaged and partly shut down an offshore oil platform belonging to Royal Dutch Shell.
In midday trading, the Dow Jones industrial average is up 74 at 8,513. The Standard & Poor’s 500 index is up 8 at 927. The Nasdaq composite index is up 9 to 1,848.
