The third-quarter earnings season is drawing to a close on a positive note, with almost three-quarters of the 446 S&P 500 companies that have reported results so far topping profit estimates, according to Refinitiv data.
There is no such thing as a buying and selling in U.S. Treasurys because of the Veterans Working day vacation. The US-China trade developments remain the nearly exclusive driver of crude oil prices in the near term at least, while speculations continue to gyrate around the probability of removing part of the existing tariffs and the timing of the "Phase One' deal sign".
Hopes for a breakthrough in the trade standoff between Beijing and Washington were shaken when President Donald Trump on Friday dismissed a Chinese official's assertion that the us side had agreed to roll back some tariffs on Chinese goods that it has imposed in the conflict over trade and technology policies. Such sudden snaps in movement are frustrating for investors who prefer looking at the longer term.
"So now we need concrete evidence (of) a timeline on reaching and finalising the deal", Danske's Christensen said. This sent the oil market down on Monday, as participants fret about the implications for global trade, economic growth, and, as a result, global oil demand growth.
Harry and Meghan join William and Kate at Festival of Remembrance
Fun fact: Erdem appears to be a favorite designer for Meghan, as well as for her sister-in-law, Kate . Another commenter wrote, "Today is about those who gave their lives for our freedom.
West Texas Intermediate for December delivery fell 0.6% to $56.91 a barrel at 12:34 p.m. on the New York Mercantile Exchange.
The Dow Jones Industrial Average closed slightly higher Monday after erasing a deficit of 163 points as Boeing popped on news its will resume deliveries of the beleaguered 737 Max jet next month.
About 5.5 billion shares changed hands in USA exchanges, below the 6.8 billion-share daily average over the last 20 sessions.
The Dow rose 10.25 points or 0.04% to 27691.49. The Commerce Department will report retail sales data for October on Friday.
Armed Forces lead nation in Cenotaph service on Remembrance Sunday
A representative of Bermuda laid a wreath on behalf of the country at a remembrance ceremony in Britain for the first time today. All three services played traditional music for the service, including the Last Post, played by Buglers of the Royal Marines.
Walt Disney jumped 3.8% for one of the biggest gains in the S&P 500 after it reported stronger profit for the latest quarter than expected, thanks in part to its "Toy Story 4 " and "The Lion King" movies.
OVERSEAS: Asian markets fell.
Elsewhere in Asia, the Shanghai Composite index declined 1.8 per cent to 2,909.97, while Japan's Nikkei 225 index lost 0.3 per cent to 23,331.84.
SpaceX successfully launches Falcon 9 rocket with 60 satellites on board
A Falcon-9 rocket launched from Cape Canaveral, Florida, placed 60 mini-satellites in orbit, joining 60 others launched in May. Starlink satellites use Krypton-fueled electric thrusters to reach their target orbit after leaving their rocket .
In Europe, Germany's DAX fell 0.4 per cent to 13,176 while the CAC 40 in France was down 0.1 per cent at 5,884.