Market Watch: Stocks close slightly higher as oil drops

Markets opened the new trading week with an up and down ride on Wall Street before closing in the positive. The slight gains came despite the fall in energy stock and oil as another batch of big corporations prepare to release quarterly earnings reports this week. Over a 5th of S&P 500 companies are scheduled release quarterly results. Oil finished down 2.9%, at $45.89 a barrel, down $1.19 over more concerns regarding China’s slowing economy and indications that a nuclear deal (that waves sanctions on oil from Iran) will be initiated this year. Perhaps compounding today’s mixed performance are recent Labor Department figures that show the employment market is tightening, with both fewer job openings and workers willing to leave their current jobs for better positions elsewhere. The Job Opening and Labor Turnover Survey, released last week, adds to signs that the market is peaking and hopes for solid job reports in the future may be waning.

Here are the final numbers from Monday, 10/19/15 on Wall Street:

Dow Jones Industrial Average: 17, 230.54 (+14.57/ +0.08%)

NASDAQ: 4,905.47 (+18.78/ +0.38%)

S&P 500: 2,033.66 (+0.55/ +0.03%)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 2 days ago
Phil Cannella
Phil Cannella

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