US close: Markets move higher as dollar remains weak
Nasdaq 100
20,394.13
12:15 15/11/24
Commodity-related issues buoyed the main Wall Street averages on Monday as the US dollar continued to trade on the backfoot.
Dow Jones I.A.
43,444.99
04:30 15/10/20
The Dow Jones Industrial Average finished up 0.43% at 20,894.82, while the S&P 500 added 0.52% to 2,394.02 and the Nasdaq 100 finished 0.85% firmer at 5,699.40.
Indications at the weekend that OPEC might be moving closer to extending a deal to cut its combined output put a bid into oilfield services names.
The White House was scheduled to make its budget request the next day.
According to the Washington Post, it was likely to include large cuts to Medicaid and changes to programmes meant to fight against poverty.
Oanda senior analyst Craig Erlam said: "US President Donald Trump’s global tour will be of interest to traders although we do appear to be seeing a more reserved version of himself so far, which will come as a relief to many."
There was little on the economic agenda by way of proper data releases, but multiple speeches from top Federal Reserve officials were scheduled.
Speeches were due after the close from Fed Governor Lael Brainard and Chicago Fed President Charles Evans.
In corporate news, chemicals group Huntsman lost 2.1% after it agreed to a merger of equals with Switzerland’s Clariant that will create a company worth around $20bn.
Ford Motor was 2.12% higher on news it will replace chief executive Mark Fields with Jim Hackett.
Dow Jones - Risers
Boeing Co. (BA) $183.67 1.61%
3M Co. (MMM) $198.51 1.38%
Unitedhealth Group Inc. (UNH) $174.71 1.22%
Cisco Systems Inc. (CSCO) $31.59 1.22%
Microsoft Corp. (MSFT) $68.45 1.12%
Intel Corp. (INTC) $35.77 1.05%
Visa Inc. (V) $93.31 0.90%
Travelers Company Inc. (TRV) $121.68 0.71%
Coca-Cola Co. (KO) $44.18 0.64%
Apple Inc. (AAPL) $153.99 0.61%
Dow Jones - Fallers
Pfizer Inc. (PFE) $32.12 -1.05%
E.I. du Pont de Nemours and Co. (DD) $77.38 -0.57%
Nike Inc. (NKE) $51.57 -0.39%
Chevron Corp. (CVX) $106.12 -0.38%
Wal-Mart Stores Inc. (WMT) $78.55 -0.28%
Home Depot Inc. (HD) $155.96 -0.22%
Caterpillar Inc. (CAT) $102.29 -0.14%
JP Morgan Chase & Co. (JPM) $84.70 -0.09%
Procter & Gamble Co. (PG) $86.21 -0.03%
McDonald's Corp. (MCD) $148.19 0.03%
S&P 500 - Risers
Brown Forman Corp. Class B (BF.B) $56.92 7.54%
Qorvo, Inc. (QRVO) $78.07 3.39%
Autodesk Inc. (ADSK) $113.36 3.14%
Nordstrom Inc. (JWN) $42.04 3.12%
Campbell Soup Co. (CPB) $57.49 3.07%
Wynn Resorts Ltd. (WYNN) $125.16 2.82%
QUALCOMM Inc. (QCOM) $59.28 2.79%
L Brands Inc (LB) $50.36 2.78%
News Corp Class B (NWS) $13.55 2.65%
Motorola Solutions Inc (MSI) $82.93 2.60%
S&P 500 - Fallers
Advance Auto Parts (AAP) $147.28 -2.71%
TripAdvisor Inc. (TRIP) $42.97 -2.52%
Mallinckrodt Plc Ordinary Shares (MNK) $40.04 -2.46%
Mosaic Company (MOS) $23.10 -2.33%
Amgen Inc. (AMGN) $153.02 -2.23%
Apache Corp. (APA) $50.02 -2.23%
Tractor Supply Company (TSCO) $56.30 -2.21%
AutoZone Inc. (AZO) $659.49 -2.10%
Newfield Exploration Co (NFX) $33.83 -2.00%
Kimco Realty Corp. (KIM) $18.18 -1.89%
Nasdaq 100 - Risers
Liberty Global Plc Lilac Class C (LILAK) $20.88 4.77%
Liberty Global Plc Lilac Class A (LILA) $21.34 4.05%
Autodesk Inc. (ADSK) $113.36 3.14%
Wynn Resorts Ltd. (WYNN) $125.16 2.82%
QUALCOMM Inc. (QCOM) $59.28 2.79%
Intuitive Surgical Inc. (ISRG) $892.04 2.49%
Regeneron Pharmaceuticals Inc. (REGN) $460.99 2.44%
Liberty Global plc Series A (LBTYA) $30.85 2.42%
NetEase Inc. Ads (NTES) $293.68 2.42%
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $50.51 2.37%
Nasdaq 100 - Fallers
Amgen Inc. (AMGN) $153.02 -2.23%
Tractor Supply Company (TSCO) $56.30 -2.21%
Ctrip.Com International Ltd. Ads (CTRP) $55.37 -1.39%
Illumina Inc. (ILMN) $174.92 -1.18%
Mattel Inc. (MAT) $21.89 -1.17%
O'Reilly Automotive Inc. (ORLY) $248.46 -1.15%
Celgene Corp. (CELG) $115.71 -1.04%
Shire Plc Ads (SHPG) $187.49 -0.87%
Maxim Integrated Products Inc. (MXIM) $46.69 -0.34%
Starbucks Corp. (SBUX) $61.23 -0.21%