Closing Bell: Beige Book Backs Up Economic Improvement; Dow Near Record

The Dow Jones Industrial Average fell just short of a new record close with just modest gains after a massive surge in crude. West Texas Intermediate rallied to its highest settlement in five weeks after OPEC members agreed to a production cut. The Federal Reserve's Beige Book backed up recent data showing improvements in the U.S. economy. The anecdotal snapshot showed conditions in the 12 Fed districts continue to improve, though there were no signs of an extra bump after the U.S. presidential election. GoPro (GPRO) - Get Report rose after announcing plans to cut 200 jobs, or 15% of its workforce, as part of restructuring efforts. The company plans to return to adjusted profitability next year. CSX (CSX) - Get Report moved higher after lifting its fourth-quarter guidance. The railroad operator said macroeconomic headwinds that had hit volume were beginning to ease.