U.S. stocks advanced,
with the Dow Jones Industrial Average topping the 18,000 level for the
first time since July, as investors shook off oil’s losses on failed
output talks and looked toward this week’s bevy of corporate earnings.
Hasbro Inc. surged 5.4
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 2.6 percent. Energy producers rose the
most in a week as crude trimmed its declines. Morgan Stanley fluctuated
between gains and losses after cost cuts helped the firm report a
better-than-forecast profit.
The Standard &
Poor’s 500 Index rose 0.6 percent to 2,092.18 at 12:43 p.m. in New York,
to the highest since Dec. 4. The Dow rose 102.25 points, or 0.6
percent, to 17,99.71, on track for a nine-month high. The Nasdaq
Composite Index increased 0.3 percent. Trading in S&P 500 shares was
11 percent below the 30-day average for this time of day.
Source : Bloomberg
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