U.S. stocks climb led by energy, materials
U.S. stocks turned higher in volatile mid-morning trade Friday, with low volumes ahead of the Memorial Day holiday and weakness in the dollar helping drive continued gains in commodities and related energy and materials stocks.
The Dow Jones Industrial Average (INDU) gained 32 points, or 0.4%, to 8,323. The S&P 500 index (SPX) rose 3.5 points, or 0.4%, to 891, and the Nasdaq Composite (COMP) was up 5 points, or 0.4%, at 1,701. The dollar continued to fall against the euro, which jumped back above $1.40, a new high for this year. A weak dollar helps boost the price of dollar-denominated commodities. On the S&P, the energy sector rose 1.3% and the materials sector gained 1.4%.
