Business

Stocks little moved on Wall Street

NYSE traders Image copyright Reuters

US stocks closed little changed on Wall Street, while the oil price edged up from multi-month lows.

The Dow Jones fell 12.74 points to 21,397.29 while the wider S&P 500 index dipped 1.11 points to 2,434.50.

The tech-focused Nasdaq index rose 2.73 points to 6,236.69.

On Wednesday, energy shares were hit as oil prices fell to levels not seen since last autumn. The market has been hit by excess supply, despite attempts by Opec to limit output.

However, on Thursday, prices saw a slight recovery. Brent crude was up 0.9% at $45.21 a barrel, while US crude climbed 0.5% to $42.73.

Among individual stocks, Oracle's shares jumped nearly 8.6% after the business software maker's quarterly profits beat expectations.

Net income rose to $3.23bn for the three months to 31 May, up from $2.81bn a year earlier.

Shares in American Airlines rose 1.1% after it said Qatar Airways was interested in buying a 10% stake in the US carrier.