U.S. stocks turned higher on Monday, Dec. 11, following a confirmed an explosion at New York's Port Authority.
The Nasdaq was up 0.17%, the Dow Jones Industrial Average rose 0.04% and the S&P 500 rose 0.09%.
Bluebird bio (BLUE) was one of the biggest gainers for the Nasdaq, jumping 19% after several firms raised the price target on the stock after the company was seen as a winner following the American Society of Hematology meeting over the weekend.
Wall Street was headed for another day of records prior to news of the explosion as investors headed into what is likely to be the final full week of trading of the year amid of a busy slate of central bank meetings and economic data as well as the launch of bitcoin futures and cryptocurrency mania.
Wall Street was looking ahead to this week's policy meeting of the Federal Reserve -- the final gathering of the year -- and bets that Republican lawmakers will be able to deliver a comprehensive tax reform bill for Donald Trump to sign before the end of the year.
Investors also will navigate a busy week of economic data, including producer price figures on Tuesday, Dec. 12, headline inflation Wednesday, Dec. 13, and retail sales and industrial production readings Thursday, Dec. 14. The corporate earnings schedule is relatively light by comparison, but Thursday will see three major quarterly releases from Adobe Systems Inc. (ADBE) , Costco Wholesale Corp. (COST) and Oracle Corp. (ORCL) .
The week's big story, however, is undoubtedly the launch of bitcoin futures, which surged on their first day of trading and extended gains into Monday, taking spot prices for digital currencies higher as exchange regulators halted dealing twice in order to tame market volatility.
The maiden futures contract, which settles for cash on Jan. 18, opened at a price of $15,460 and promptly fell $40 until prices rebounded to as high as $18,850, according to CBOE data, before easing to around $17,880 with about 3,000 contracts changing hands. At last check, bitcoin was trading at a spot price of $16,384, according to CoinDesk.com.
Oil prices in the U.S. rose, trading up 0.37% to $57.57 a barrel after trading lower earlier in the session.
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