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Morning Report: US & European stocks mixed as energy prices rally

The Dow Jones index rose by 262 points or 0.8% and the S&P 500 index added 10 points or 0.2%, both snapping a five-day losing streak. But the Nasdaq index lost 10 points or 0.1%.

US sharemarkets were mixed overnight with energy names leading gains after OPEC upgraded demand forecasts for crude oil. The Dow Jones index rose by 262 points or 0.8% and the S&P 500 index added 10 points or 0.2%, both snapping a five-day losing streak. But the Nasdaq index lost 10 points or 0.1%.

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