Us stock market: Wall Street rose after a volatile session, with the energy index hitting a multi-y
gaining 3.5% to close at a multi-year high. The index is All three Wall Street benchmarks advanced on Tuesday and the energy index closed at a multi-year high as US crude hovers near a seven-year high. Those strong energy prices helped Exxon Mobil Corp to post its biggest quarterly profit in seven years on Tuesday. Its stock jumped 6.4% as a result compared with the 12.45 billion average for the full session over the last 20 trading days. The SP 500 posted 18 new 52-week highs and one new low United Parcel Service Inc jumped 14.1% - its biggest one-day gain in 18 months - after projecting 2022 revenue above market expectations. ATT Inc dropped 4.2% after saying it will spin off WarnerMedia in a $43 billion transaction to merge its media properties with Discovery Inc and also cut its dividend by nearly half. Volume on US exchanges was 11.71 billion shares senior market analyst at OANDA. Philadelphia Fed President Patrick Harker said on Tuesday it may be appropriate for the US central bank to raise rates four times this year Wall Street rose after a volatile session with the Nasdaq - which dropped 8.99% in the first month of 2022 - posting four positive sessions in the last five. It did not look like that would happen earlier in the session as the prospect of an aggressive rate-hike campaign by the US Federal Reserve looms large and investors seek to position themselves accordingly - a task not made easy by lingering pandemic influences on the economy and geopolitical tension in Europe. But despite losing 5.3% and 3.3% in January respectively with the energy index hitting a multi-year peak NEW YORK
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