US stocks rose on Friday as energy shares were boosted by a jump in crude oil prices and wholesale inventory data pointed to rising consumer demand. Energy shares advanced as crude futures traded up almost 3 percent, well above $76 per barrel, after the forced shutdown of the biggest pipeline supplying Canadian oil to refineries in the US Midwest and to a key storage hub in Oklahoma.
Occidental Petroleum Corp gained 1.7 percent to $78.88 and National Oilwell Varco Inc added 1.8 percent to $40.65. The PHLX oil services sector index gained 2.3 percent. Consumer discretionary shares advanced, with Sears Holding Corp up 3.1 percent to $66.95. The S&P discretionary sector index gained 1.1 percent. The Dow Jones industrial average gained 33.60 points, or 0.32 percent, to 10,448.84. The Standard & Poor's 500 Index added 4.92 points, or 0.45 percent, to 1,109.10. The Nasdaq Composite Index rose 8.09 points, or 0.36 percent, to 2,244.29.
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