Major U.S. stock-indexes slightly rose on Monday as cautious investors assessed China’s move to boost its slowing economy and an increase in oil prices raised hopes that the market had bottomed out. China’s central bank on Monday cut its reserve requirement ratio, or the amount of cash that banks must hold as reserves, for the fifth time in a year. Crude prices rose more than 1% after Saudi Arabia said it would work with other producers to limit oil market volatility.
Most of Dow stocks in positive area (19 of 30). Top looser – JPMorgan Chase & Co. (JPM, -0,82%). Top gainer – E. I. du Pont de Nemours and Company (DD, +0,98%).
Most of S&P sectors also in positive area. Top looser – Healthcare (-0,7%). Top gainer – Conglomerates (+4,4%).
At the moment:
Dow 16642.00 +41.00 +0.25%
S&P 500 1949.00 +6.25 +0.32%
Nasdaq 100 4246.50 +16.50 +0.39%
Oil 33.47 +0.69 +2.10%
Gold 1233.30 +12.90 +1.06%
U.S. 10yr 1.76 +0.06