US Stocks Edge Higher; New Tariffs, Shutdown Worries Limit Gains
Traders work on the floor of the New York Stock Exchange (NYSE) in New York.
Photographer: Michael Nagle/BloombergUS stocks advanced on Monday, beginning the week on a positive note even as concerns around new tariffs, the potential for a government shutdown and looming key economic data kept gains in check.
The S&P 500 Index closed 0.3% higher, led by the consumer discretionary and tech sectors. Energy was the worst-performing of 11 market sectors as crude prices declined in anticipation of another production hike by OPEC+ in November, exacerbating concern about a glut. Robinhood Markets Inc. led gains in the index on expectations for strong event contracts volumes.