Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18223.03		77.32	0.43%
S& P 500	S& P 500 Index	2151.33		10.17	0.47%
NASDAQ	NASDAQ Composite	5309.83		52.43	1.00%

 

Stocks close higher amid earnings, M & A activity but dollar and oil cap gains

U.S. equities closed higher on Monday amid a plethora of corporate news, but gains were subdued by a rising dollar and falling oil prices.

" As oil came off, the market lost some of its steam," said Daniel Deming, managing director at KKM Financial. " The market is getting perspective after the big merger news, with oil falling and the dollar further appreciating.

US crude fell 0.65 percent to settle at $ 50.52 per barrel after Iran said it wanted to be exempt from an OPEC deal which would cut production. Crude prices have rallied recently on expectations that OPEC would strike a deal to cut worldwide output.

The economic data calendar was light on Monday, with only the IHS Markit manufacturing index' s flash read for October released. The number rose to 53.2 from a three-month low of 51.5, which was hit in September.

Overseas, European equities closed nearly flat after better-than-expected data, while political uncertainty in Spain dissipated. The pan-European Stoxx 600 index fell 0.01 percent, while Spain' s Ibex 35 gained 1.27 percent. In Asia, stocks closed mostly higher, with The Japanese Nikkei 225 rising 0.29 percent and the Shanghai composite gaining 1.21 percent.

Gold futures for December delivery fell $ 4 to settle at $ 1,263.70 per ounce.

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Dow future up 94 points

 

Symbol	Name	Price		Change	%Change	Volume
FTSE	FTSE	7059.90		39.43	0.56%	72939656
DAX	DAX	10812.97		102.24	0.95%	13138590
CAC	CAC	4578.73		42.66	0.94%	14022511
IBEX 35	IBEX 35 Idx	9225.80		125.40	1.38%	57302800

Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18162.35		-40.27	-0.22%
S& P 500	S& P 500 Index	2141.34		-2.95	-0.14%
NASDAQ	NASDAQ Composite	5241.83		-4.58	-0.09%

 

Stock close lower after oil' s 2.7% slide, ECB rates decision telecoms lag

Stocks closed lower Thursday, after a sharp fall in oil prices, while investors parsed through key U.S. economic data, and digested a key European Central Bank decision on interest rates.

" You' ve got a back-and-forth with the data. One month you get strong economic data, and then another month it' s weak," said Bruce McCain, chief investment strategist at Key Private Bank. " There' s just no clear path [ For the stock market]. "

" We' re playing the waiting game right now and stocks are kind of dragging along," said John Caruso, senior market strategist at RJO Futures.

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