Stocks extended their win streaks with muted gains on Monday. The Dow and S&P 500 settled slightly above breakeven to close a sixth straight day in the black and notch their best win streaks since July and June, respectively. The Nasdaq pared its heartier gains as rising Treasury yields capped price action, though it still saw its seventh consecutive daily win and longest winning run since January
OIL MOVES HIGHER ON EXTENDED OUTPUT CUTS
Oil prices settled higher on Monday, after Russia and Saudia Arabia extended their output cuts through the end of the year in a largely anticipated move. December-dated West Texas Intermediate (WTI) crude rose 31 cents, or 0.4%, to close at $80.82 a barrel.Gold prices were lower, as investors turned away from the yellow metal ahead of this week’s Federal Reserve comments. December-dated gold shed $12.80, or 0.6%, to close at $1,986.40 an ounce for the day.More By This Author:Wall Street Clings To Last Week’s Rally
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