It was a relatively flat beginning to the start of the trading week, although the Dow did extend its win streak to 5 sessions in a row & The S&P topped 2,000. Energy stocks were up more than 1.5 percent as oil rose above $40 a barrel for the first time in 2016.
The Federal Open Market Committee meets again next week and one of the big questions investors are pondering is when will the Fed make its next move on interest rates? Two Federal Reserve bank officials say that inflation is slowly getting closer to where the Fed would like to see it, and Fed governor Lael Brainard asked for calm is determining when rates would increase again because it’s possible that inflation and U.S. economic activity will fall.
Watch more from CNBC below.
Meantime, the Bank for International Settlements, which is an international company owned by central banks, that serves as a “bank” for central banks, has warned that increasing global debt levels, stagnant growth and the prospect of long-term negative interest rates are issues that are not going to go away anytime soon. Read more here.
Here are the final numbers from Monday, 3/7/16 on Wall Street
Dow Jones Industrial Average: 17,073.95 (+67.18 / +0.40 %)
NASDAQ: 4,708.25 (-8.77 / -0.19 %)
S&P 500: 2,001.76 (+1.77 / +0.09 %)