U.S. stocks close higher as retailers rally on Cyber Monday
The Dow Jones Industrial Average DJIA, +1.46% climbed 354.29 points, or 1.5%, to 24,640.24, while the S&P 500 index SPX, +1.55% rose 40.89 points, or 1.6%, to 2,673.45. The Nasdaq Composite Index COMP, +2.06% rallied 142.87 points, or 2.1%, to 7,081.85.
Last week, the Nasdaq tumbled 4.3%, the Dow fell 4.4% and the S&P 500 slid 3.8%, marking the worst Thanksgiving week since 2011 for all three indexes.
What drove the market?
Losses for oil prices pushed stocks lower last week, and the reverse was true for Monday. After losing 7.7% in Friday’s session alone, U.S. crude futures CLF9, +2.36% gained more than 2% to trade above $51 a barrel, while Brent crude LCOF9, +2.89% also rose above $60.
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https://www.marketwatch.com/story/global...2018-11-26
The Dow Jones Industrial Average DJIA, +1.46% climbed 354.29 points, or 1.5%, to 24,640.24, while the S&P 500 index SPX, +1.55% rose 40.89 points, or 1.6%, to 2,673.45. The Nasdaq Composite Index COMP, +2.06% rallied 142.87 points, or 2.1%, to 7,081.85.
Last week, the Nasdaq tumbled 4.3%, the Dow fell 4.4% and the S&P 500 slid 3.8%, marking the worst Thanksgiving week since 2011 for all three indexes.
What drove the market?
Losses for oil prices pushed stocks lower last week, and the reverse was true for Monday. After losing 7.7% in Friday’s session alone, U.S. crude futures CLF9, +2.36% gained more than 2% to trade above $51 a barrel, while Brent crude LCOF9, +2.89% also rose above $60.
...
https://www.marketwatch.com/story/global...2018-11-26
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