U.S. blue chips turn positive as oil gains Mon May 22, 2006 3:34 PM ET
NEW YORK, May 22 (Reuters) - U.S. blue-chip stocks turned positive on Monday as oil futures recovered from a sell-off in commodities to settle higher, pushing up heavily weighted energy shares like Exxon Mobil Corp. (XOM.N: Quote, Profile, Research)
Oil recovered, after falling to a six-week low earlier. NYMEX June crude rose 70 cents to settle at $69.23 a barrel, buoyed by forecasts of a busy Atlantic hurricane season and volatility before the expiration of the June contract.
The Dow Jones industrial average <.DJI> was up 17.47 points, or 0.16 percent, at 11,161.53. The Standard & Poor's 500 Index <.SPX> was up 0.22 of a point, or 0.02 percent, at 1,267.25. The Nasdaq Composite Index <.IXIC> was down 12.03 points, or 0.55 percent, at 2,181.85.
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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