U.S. stocks continued their climb Monday, with each of the three major market indices reaching new record highs. The Dow Jones Industrial Average saw major gains from shares of Boeing
Here's how the U.S. stock market closed Monday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Trade War News, China's Ministry of Commerce issue a list of 859 products that will be subject to temporary import tariffs, which are lower than the current rate. The new lower tariffs will take effect the first day of the new year. Major products on the list include food, semiconductor components and pharmaceuticals. This new tariff ruling comes just weeks before the U.S. and China plan to sign a 'Phase One' trade agreement next month. China has called for the U.S. to take reciprocal policy measures.
In U.S. Stock Sector News, sectors posted a mixed bag of gains and losses Monday. Those that saw share growth include Energy +1.06%, Industrials +0.63%, Materials +0.41%, Health Care +0.33% and Information Technology +0.30%. The others that had a decline in shares include Utilities -0.98%, Real Estate -0.54%, Communication Services -0.34%, Consumer Staples -0.34%, Financials -0.17% and Consumer Discretionary -0.13%.
Lastly, in Commodity and Currency News, oil prices posted mixed results Monday, with West Texas Intermediate's barrel prices declining -0.10% whereas Brent Crude's increased +0.74%. Gold also recorded a modest gain Monday, with price's edging up +0.03%. Finally, the U.S. Dollar remained unchanged today with the DXY Index reading 97.67.
