Wall St posts gains after choppy session, energy index hits multi-year peak

The Dow Jones Industrial Average rose 273.38 points, or 0.78%, to 35,405.24, the S&P 500 gained 30.99 points, or 0.69%, to 4,546.54 and the Nasdaq Composite added 106.12 points, or 0.75%, to 14,346.00. Once again, energy led the major S&P sectors, gaining 3.5% to close at a multi-year high. The index is, by far, the best performer in 2022, up 23.2%, as U.S. crude hovers near a seven-year high.

NEW YORK: All three Wall Street benchmarks advanced on Tuesday and the energy index closed at a multi-year high, although seesaw trading reflected investor uncertainty about how to play the current market.

Recent sessions have been choppy, as the prospect of an aggressive rate-hike campaign by the U.S. 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.