Consumer companies rallied as fuel-price fears subsided.
"The drop in oil price has major implications for specific industries and companies," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
"What comes to mind are things like airlines and freight companies and cruise lines. Those would be some of the industries that would seem to be relishing an 80 handle barrel of oil right now."
Among airlines, shares of Delta Air Lines rose to a new all-time high. Cruise firm Carnival rose by more than 3%.
Champ, a new fund backed by fashion giant LVMH and more than 200 professional athletes, said it was making its first investment, buying a minority stake in U.S. activewear brand Rhoback for about $50 million.
