The price of oil and weak energy stocks remain a key feature of trading, and crude was lower again at the start of the week – WTI is down nearly 1% at US$35.72 while Brent was 1.2% lower at US$36.44. The broad-based S&P 500 climbed 15.60 (0.78 per cent) to 2,021.15, while the tech-rich Nasdaq Composite Index advanced 45.84 (0.93 per cent) to 4,968.92.
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Victim killed by driver on Las Vegas strip identified: coroner
At least one person was killed and 37 others injured near the Paris Las Vegas Hotel on Sunday night, authorities said. Coffee told the AP he hasn’t seen police reports yet, so it’s too early to say if she’ll pursue an insanity defense.
The Dow Jones industrial average rose 38 points, or 0.3 percent, to 17,167 as of 3 p.m. Eastern.
Iraq Wants Turkish Troops Out of the Country
Earlier, Ankara said that it was continuing the withdrawal of its forces from the Bashiqa camp in Iraq’s northern Nineveh province.
Shares in USG People also surged 28 percent after Japanese employment agency Recruit agreed to buy the Dutch staffing company for 1.4 billion euros ($1.53 billion), a premium of 31 percent to its closing price on Monday.
Sultan of Brunei bans Christmas ‘because it could damage faith of Muslims’
With this, all businesses offering Christmas decorations will have to close and stop any public functions celebrating Christmas. Last year, the sultan caused controversy by introducing Sharia criminal law into the country.
The market impact of the Federal Reserve’s decision last week to raise interest rates for the first time in almost a decade has faded.
Energy stocks struggled as a result, making it the worst-performing sector in the S&P 500. Some analysts believed Monday’s rally is a technical recovery from last week’s sharp sell-off. Newfield Exploration was down $1.46, or 5 percent, to $30.14.
SANTA RALLY? The holiday-shortened last two weeks of the year typically are positive for the market, since investors close out positions and the light volume tends to distort any market moves. Heading into the week, the broad US market was down around 2.6% in 2015.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China. Economists polled by MarketWatch expect a downward revision to 1.8%, from 2.1% recorded previously.
The yield on the 10-year U.S. Treasury note fell to 2.19 percent from 2.21 percent Friday. In currencies market, the euro slightly increased to against the dollar at $1.0896.
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Information for this article was contributed by Dani Burger of Bloomberg News.
