Gold for February delivery spiked $19.90 to settle at $1,675.80 an ounce at the Comex division of the New York Mercantile Exchange, while February crude oil contracts increased $1.02 to close at $91.82 a barrel.
The benchmark 10-year Treasury plummeted 17/32 to boost the yield to 1.761%. The bond market closed early for the holiday. The dollar bumped up 0.11%, according to the
U.S. dollar index
In corporate news,
Duff & Phelps
announced that it had
agreed to a group of private-equity investors
to purchase the company for $665.5 million in cash.
Shares of the company surged 19.7%.
Stone Point Capital LLC
Pictet & Cie
Edmond de Rothschild Group
were all part of the purchasing deal.
said it would emerge from its bankruptcy on Monday. The media company, whichowns
The Los Angeles Times
The Chicago Tribune
, sought bankruptcy in 2008.
(AAPL - Get Report)
withdrew patents claims against
Galaxy S III Mini phone after the South Korean company announced it wouldn't offer to sell the gadget in the U.S., according to a
Shares of Apple rose 4.4%, while the stock jumped 31.4% in 2012.
closed out the year of its initial public offering on a high note. Shares of the social networking Web site finished up 2.7%, or 71 cents, at $26.62 -- far short of the company's IPO of $38 a share -- on Monday after a BMO Financial Group analyst upgraded the company's stock and more than doubled its price target. After
-- Written by Joe Deaux in New York.