NEW YORK: Wall Street stocks rose Wednesday following solid US hiring data and a rise in oil prices that lifted petroleum-linked equities.
Payroll firm ADP reported that private US companies added 179,000 jobs in July, slightly better than expected.
Dow member Chevron rose 1.0 percent, while Apache gained 3.6 percent and Halliburton 2.1 percent after oil prices advanced following a dip in US gasoline inventories.
The Dow Jones Industrial Average gained 0.2 percent at 18,355.00.
The broad-based S&P 500 rose 0.3 percent to 2,163.79, while the tech-rich Nasdaq Composite Index advanced 0.4 percent to 5,159.74.
Stocks with big gains included Apple, up 1.3 percent, and large banks such as Bank of America and Goldman Sachs, which rose 2.5 percent and 1.5 percent, respectively.
Time Warner climbed 2.7 percent after announcing it was taking a 10 percent stake in Hulu, a streaming video provider that is ramping up as a competitor to sector leader Netflix.
Twitter jumped 7.3 percent on speculation the microblogging company could be acquired.
Insurer AIG surged 7.3 percent after reporting better-than-expected earnings in the second quarter and announcing plans for $3 billion in share repurchases.
Women's handbag maker Kate Spade plunged 18.2 percent as it slashed its full-year forecast, in part due to weakness in the tourism business. It now expects full-year earnings per share of between 63 cents and 70 cents per share, down from the prior range of between 70 and 80 cents per share.
Wearables company Fitbit surged 13.5 percent as it reported a 46.5 percent rise in second-quarter sales to $586.5 million.
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