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Stocks gain strongly after blue Monday

Published 12/18/2018, 09:56 AM
© Reuters.  Stocks gain strongly after blue Monday
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  • U.S. stock markets start strongly, led by industrial goods (+1.6%), tech (+1.1%), and financial (+1.0%).
  • S&P 500 1.1%, Nasdaq +1.1%, Dow +1.4%.
  • Individual names gaining include Amazon (AMZN +1.8%), Alphabet (NASDAQ:GOOGL) (GOOG +1.6%), Boeing (BA +4.8%), Bank of America (BAC +2.4%).
  • J&J (JNJ +1%) rebounds as it announces a $5B stock buyback; follows a sharp two-day decline on a Reuters story alleging asbestos was found in the company's baby powder.
  • Oracle (ORCL +3.8%) gains after providing better-than-expected Q3 guidance.
  • Crude falls 3.1% to $48.36; prices drop to a 14-month low.
  • U.S. dollar index falls 0.2% to 96.98.
  • U.S. 10-year Treasury bid up, pushing yield down almost 1 basis point to 2.85%; 2-year Treasury yield also down almost 1 basis point at 2.687%.
  • Now read: Boeing: Undervalued Or Overvalued?


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