Wall Street closes higher led by energy sector

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Wall Street closes higher led by energy sector

FITITOL--> FXstreet.com (Córdoba) - US stocks closed higher in a shortened session Tuesday ahead of the Independence Day holiday, as oil gains boosted energy shares and US factory orders rose more than expected.

The Dow Jones Industrial Average closed up 72 points, or 0.56%, at 12,943. The SP 500 Index gained 8 points, or 0.62%, to close at 1,374. The Nasdaq Composite Index rose 24 points, or 0.84%, to close at 2,976.

Energy and materials stocks led the rise on higher oil and gold prices. Gold gained 1.5% to $1,622 an ounce, while crude-oil futures rose 4.4% to $87.50 a barrel as Iran tensions kept focus in the supply.

In the macroeconomic domain, US factory orders increased 0.7% in May, much more than the 0.1% rise expected and well above the 0.7% drop registered in April.