Wall Street rises as oil prices drop sharply

dn.se (Swedish) —

Wall Street stocks rose on Tuesday, with the Dow Jones industrial index up 1.0 percent and the S&P 500 gaining 0.3 percent, while oil prices fell sharply. The tech-heavy Nasdaq composite index traded slightly below zero. General Motors dropped 6.8 percent despite reporting higher-than-expected profits, as its full-year forecast missed expectations. Hasbro surged 11.2 percent after "Magic: The Gathering" card sales exceeded $600 million in a quarter for the first time. Brent North Sea crude fell to about $109 per barrel, down from over $111 earlier in the day, which was the highest price since May.


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