U.S. Stocks Waver After Second Presidential Debate

Wednesday, 12 October 2016, 03:53 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

NEW YORK: US stocks traded higher in the morning session on Monday as Wall Street digested the latest information from Sunday's second US presidential debate amid rising oil prices.

The Dow Jones Industrial Average added 120.60 points, or 0.66 per cent, to 18,361.09. The S&P 500 gained 13.33 points, or 0.62 pct, to 2,167.07, Xinhua news agency reported.

The Nasdaq Composite Index increased 43.87 points, or 0.83 pct, to 5,336.28.

Republican presidential nominee Donald Trump and his Democratic rival Hillary Clinton went after each other relentlessly on Sunday night in the second presidential debate, hitting each other hard with scandals.

Trump's campaign has been under fire recently, after a leaked 2005 video of the billionaire's vulgar remarks about women caused uproar.

A rebound in oil prices also provided some upward jolts to the stock market. Oil prices traded higher on Monday, with both US oil and Brent crude jumping over $50 a barrel in the early trading, after Russian President Vladimir Putin said Russia is ready to join an output cut deal.

On Friday, US stocks closed lower as investors meditated on the newly-released jobs report that missed market expectations.

Read Also:
Offer Still On: Airtel On Apple iPhone 7 Scheme
Apple, Samsung Take Battle To U.S. Supreme Court

Source: IANS
Enterprise IT
PayByPhone, the global leader in mobile parking payments, today announced that it will appoint And..
IIT Roorkee organized an MoU exchanging ceremony between the Govt. of India Department of Scie..
First things first. "Made In Heaven" is the sexiest webseries India has produced, no doubt about i..
Chipset-making giant Qualcomm has listed chipsets such as Snapdragon 855, 845, 710, 675 and 67..
The Department of Telecommunications (DoT) in consultation with the Finance Ministry plans to spli..
Startup City
India Accelerator, a GAN partnered, mentorship-driven, acceleration program hosted ‘The Inner Ci..
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suffere..
Hinduja Global Solutions here on Monday said it has set up a centre of excellence to train disable..
US Indian
An Indian-American teenager has been conferred with the 2019 National STEM (Science, Technolog..