Pursuits
U.S. Stocks Rise as Crude Pares Decline; Japan Futures Advance
- Dow average tops 18,000 for first time in nine months
- Crude shows resilience, pares most of 7 percent rout
The Outlook for Crude Post Failed Talks in Doha
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U.S. stocks advanced, pushing the Dow Jones Industrial Average past 18,000 for the first time in nine months, as Brent crude pared losses amid falling output in Kuwait. Japanese index futures signaled advances.
The Standard & Poor’s 500 Index climbed to a four-month high, while the Dow closed at the highest since July. Crude pared losses as a strike reduced Kuwait’s contribution, though oil in New York settled lower after the breakdown of the Doha talks. Yen-denominated contracts on the Nikkei 225 Stock Average added 0.2 percent to 16,690 on the Chicago Mercantile Exchange at 5:01 p.m. in New York.