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Chevron, Exxon Boost Dow; Crude Oil Closes at Five-Week High

10/06/15 4:39 PM EDT
Crude oil extended gains achieved since Friday, closing Tuesday’s session at its highest level since August 31st. That triggered a rally in energy, pushing Dow components Chevron (CVX) and Exxon Mobil (XOM) sharply higher. Stocks closed mixed as a surge in the energy sector pulled the Dow higher, while a selloff in biotech weighed on the Nasdaq. Meanwhile, the S&P 500 fell after being caught in the middle of the two for much of the session. EnerSys (ENS) jumped on reports Johnson Controls (JCI) is interested in a takeover. Johnson, which specializes in temperature regulation technology, could be looking at a deal worth more than $3 billion. Global growth is expected to take a hit this quarter on lower commodity prices and increased volatility, according to the IMF.
Stocks in this video: ^DJI^GSPC^IXICCVXXOMENSJCI
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