November 16, 2015-Global stocks edged higher Monday, the first full day of trading following Friday’s attacks in Paris that left 129 people dead.
Advertisement
SPDR Dow Jones Industrial Average ETF (EU:DIA) traded up 0.95% during mid-day trading on Monday, hitting $174.25. The benchmark index closed 30.14 points, or 1.5%, higher at 2,053.18. Briefing.com analyst Patrick O’Hare described European markets as showing “some impressive resolve” in rallying from session lows.
The Dow is down 340.06 points, or 1.9 percent.
Tourism-related stocks were generally down on expectations of lower traffic due to the attacks.
The gains led by the energy stocks (following the crude oil jump) and the media – after heavy losses recorded last week.
Department-store Dillard’s slumped 6.7 percent after reporting that third-quarter net income dropped 17.2 percent to $45.7 million on a four percent decline in comparable store sales.
The S&P is down 5.71 points, or 0.3 per cent.
Weapons makers advanced, with Northrop Grumman adding 4.4 per cent and Lockheed Martin 3.5 per cent.
Advertisement
Among larger gainers in the technology sector, Apple rose 1.6 percent, Netflix 7.4 percent and Tesla Motors 3.4 percent.
