A half-decent advance, spurred in part by the departure of Morgan Stanley (WMD Quote) CEO Philip Purcell, turned into meager gains for stock proxies Monday, as a spike in oil prices and profit-taking in the financial sector ate into the early gains.
The price of crude oil again raced higher, gaining $2.08 to $55.62 per barrel, fast approaching its all-time high of $58.28 touched on April 1. That was enough to shave off some earlier buying enthusiasm, especially ahead of key inflation data due on Tuesday and Wednesday.
The Dow Jones Industrial Average ended higher by 9.93 points, or 0.1%, at 10,522.56, after rising to an intraday high of 10,589. The S&P 500 added 2.71 points, or 0.2%, to 1200.82, off a high of 1206. The Nasdaq Composite advanced 5.96 points, or 0.3%, to 2068.56, off a high of 2078. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
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