US stocks up
Tuesday, 25 November 2014
US stocks rose on Monday on hopes that China will take further accommodative monetary policy action if needed. Energy shares weighed, with declines in Exxon and Chevron keeping the Dow industrials flat while the S&P 500 energy sector was down 1 per cent. US crude and Brent fell ahead of an OPEC meeting this week. Also weighing on the Dow, United Technologies Corp fell 1.4 per cent to $108.79. The Dow Jones industrial average rose 7.84 points, or 0.04 per cent, to 17,817.9, the S&P 500 gained 5.91 points, or 0.29 per cent, to 2,069.41 and the Nasdaq Composite added 41.92 points, or 0.89 per cent, to 4,754.89. The Dow and S&P 500 closed at record highs. Volume was low, with about 5.6 billion shares changing hands on US exchanges, below the 6.4 billion averages this month. The US markets close on Thursday for the Thanksgiving holiday and Friday will be a half-day session, according to Reuters.