Today's Market: Energy Stocks Lead US Indexes Higher

NEW YORK – The latest on developments in financial markets (All times Eastern Standard):

11:45 a.m.

Energy stocks are leading the market broadly higher in midday trading as the price of oil climbed to its highest level since 2014.

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Chevron climbed 2.8 percent Thursday and Exxon Mobil rose 1.2 percent.

The price of benchmark U.S. crude was up 1.5 percent at $64 a barrel.

Trading was calmer following a wobble the day before, when a temporary rise in bond yields got investors worried.

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The Standard & Poor's 500 index was on pace for its seventh gain in the last eight days.

Delta Air Lines rose 1.7 percent after reporting solid results.

The S&P 500 rose 9 points, or 0.4 percent, to 2,757.

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The Dow Jones industrial average rose 114 points, or 0.4 percent, to 25,483. The Nasdaq composite rose 28 points, or 0.4 percent, to 7,182.

9:35 a.m.

Stocks are rising in morning trading as the market rebounds from its first loss of the year a day earlier.

Airline and homebuilder stocks opened higher Thursday after strong quarterly reports from Delta Air Lines and KB Home.

Delta advanced 1 percent and KB Home climbed 4 percent.

Energy and industrial companies continued their strong start to the year. EOG Resources jumped 2 percent and Boeing rose 1.5 percent

The Standard & Poor's 500 rose 5 points or 0.2 percent to 2,753.

The Dow Jones industrial average rose 46 points, or 0.2 percent, to 25,416. The Nasdaq composite rose 14 points, or 0.2 percent, to 7,165.

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