Closing Bell: Facebook Climbs on Buyback Plan; S&P 500, Dow at Record

Wall Street scores a trifecta of record closes Monday as a crude oil rally gives stocks an across-the-board boost.
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Wall Street scored a trifecta of record closes Monday as a crude oil rally gave stocks an across-the-board boost. The S&P 500, Dow Jones Industrial Average, and Nasdaq each scored their own record close. Facebook (FB) - Get Report climbed after authorizing a new share buyback program worth $6 billion. The new repurchase plan will begin in the first quarter of next year. JPMorgan reiterated its OVERWEIGHT rating on those capital return plans. 'Harry Potter' spinoff Fantastic Beasts and Where to Find Them dominated the box office in its debut weekend. The film brought in $75 million in the U.S. and Canada for Time Warner's (TWX) Warner Bros. studio. Abercrombie& Fitch (ANF) - Get Report was downgraded to UNDERPERFORM from SECTOR PERFORM at RBC Capital. Analysts say the retailer is seeing lower sales and facing higher international costs. TheStreet's Keris Lahiff reports from Wall Street.