U.S. stocks are rising as energy companies climb with the price of oil.
The Associated Press reports investors are hoping that OPEC countries will soon be able to finalize a deal that would cut oil production and help support prices.
Meat producer Tyson Foods is tumbling after it reported weak fourth-quarter results. Major stock indexes are on track to set new records.
The Dow Jones industrial average gained 52 points, or 0.3%, to 18,919 as of 9 a.m. this morning. The Standard & Poor’s 500 index rose 11 points, or 0.5%, to 2,192.
The Nasdaq composite gained 39 points, or 0.7%, to 5,360. Small-company stocks, which are at record highs already, also continued to climb.
Benchmark New York crude gained $1.11 to $46.80 a barrel while Brent crude, the international standard, rose $1.31to $48.17 a barrel in London.
That led to gains for energy companies. Marathon Oil added 84 cents to $16.46 and Hess climbed $2.21to $53.18.
