Energy, financials help Wall Street rise from bruising week but Nasdaq gains held back

NEW YORK. Wall Street indexes yesterday rose from their worst week in several months, with economically sensitive stocks leading gains as focus turned to potential changes to corporate tax and monetary policy.

But gains in the Nasdaq were held back by major technology stocks as investors pivoted to sectors more likely to benefit from an economic bounce back this year.

Still, Apple Inc was the biggest boost to the techheavy index, rising 0.6 per cent after a mixed court ruling in Epic Games’ antitrust case against the iPhone maker knocked nearly $90 billion (Dh331b) off its market value on Friday.

The S&P energy sector was the best performer among its peers, up 3.3 per cent as oil prices hit a oneweek high on concerns over US supply. Financial stocks jumped 1 per cent.