U.S. Stocks Waver After Second Presidential Debate

Wednesday, 12 October 2016, 03:53 Hrs
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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.



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Source: IANS
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