Stocks Closed Higher on Retail Sales and Citi
U.S. stocks finished higher on Monday, lifted by a positive retail sales report and strong earnings from Citigroup. The Dow Jones Industrial Average closed up 95.38 points, or 0.72%, at 13,424.23. The S&P 500 Index rose 11.54 points, or 0.81%, to close at 1,440.13, with Citigroup Inc.(C) as the best performer with a 5.5% gain. The Nasdaq Composite Index advanced 20.07 points, or 0.66%, to close at 3,064.18.
The largest 100 public pension funds have around $1.2 trillion of unfunded liabilities, about $300 billion above the nearly $900 billion they reported themselves, according to a new actuarial study to be released on Monday.
Apple Inc.(AAPL) has reportedly hired William Stasior, one of Amazon.com Inc.’s (AMZN) top executives, to run its Siri business unit.
Oil futures bounced back from a dip below $90 a barrel on Monday in New York to finish nearly unchanged. Crude for November delivery fell 1 cent to settle at $91.85 a barrel on the New York Mercantile Exchange.