US stocks rose on Wednesday, sending the Dow to fresh 4-month highs, as investors snapped up beaten-down energy shares such as Exxon Mobil Corp and investors bet the Federal Reserve may not have to raise interest rates any time soon.
US crude oil futures gained after seven straight sessions of declines, feeding a broader advance in the energy sector. The American Stock Exchange index of oil shares scored its biggest gain in more than a month, rising for the first time in five sessions. The index was up 1.7 percent.
The Dow Jones industrial average was up 21.37 points, or 0.19 percent, at 11,519.46, after hitting a session high at 11,533.55. The Standard & Poor's 500 Index was up 2.63 points, or 0.20 percent, at 1,315.74. The Nasdaq Composite Index was up 3.99 points, or 0.18 percent, at 2,219.81.
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