U.S. stocks advanced,
with the Dow Jones Industrial Average rising above the 18,000 level for
the first time since July, as investors shook off oil’s losses on failed
output talks and looked toward a bevy of corporate earnings this week.
Hasbro Inc. surged
nearly 6 percent to a record, buoying sentiment after its results beat
expectations, thanks in part to demand for Walt Disney Co.’s “Star
Wars”-licensed toys. Disney added 2.9 percent. Energy producers rallied
as crude trimmed declines that had reached as much as 6.8 percent.
Morgan Stanley was little changed after fluctuating between gains and
losses as cost cuts helped the firm report a better-than-forecast
profit.
The Standard & Poor’s 500 Index rose 0.7 percent to 2,094.35 at 4 p.m. in New York, the highest since Dec. 1.
Source : Bloomberg
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