U.S. stocks end higher as oil prices surge

U.S. stocks ended higher Friday as oil prices logged their largest one-day gain in three weeks, driven by an unexpected drop in crude oil inventories. The S&P 500 gained 21.49 points, or 1.1%, to 2,066.66, led by strong gains in health-care and energy shares. The Dow industrials rose 112.73 points, or 0.6%, to 17,716.05, with Pfizer Inc. emerging as the strongest gainer after the company walked away from a controversial with Ireland-based Allergan Plc. The Nasdaq Composite climbed 76.78 points, or 1.6%, to 4,920.72, its highest closing level of the year. Stocks remained higher after minutes from the Federal Reserve’s March meeting showed most policy makers support a cautious approach to raising interest rates.

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From:: Stock Market News

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