U.S. Stocks Rise, Shrugging off Energy Weakness: Markets Wrap
- Oil slips as major producers discuss participation in cuts
- Dollar extends increases, gold and Treasury yields slide
HSBC Global Head Currency Strategy David Bloom discusses his outlook for the euro. He speaks on 'Bloomberg Daybreak: Europe.' (Source: Bloomberg)
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U.S. stocks gained modestly Monday with the S&P 500 Index and Dow Jones Industrial Average continuing their record runs, as strength in technology and consumer staples balanced out weakness in energy. Oil dropped amid speculation that an abundance of supply will weigh on the market. The dollar climbed, and the euro also rose.