Stocks End Flat, Energy Shares Lower

U.S. stocks ended near flat on Monday, as energy shares fell with another decline in oil prices. The Dow Jones industrial average rose 12.53 points, or 0.07%, to 16,817.94, the S&P 500 lost 2.95 points, or 0.15%, to 1,961.63. The Nasdaq Composite added 2.22 points, or 0.05%, to 4,485.93.

Oil futures fell sharply on Monday, after Goldman Sachs slashed its forecast for prices, predicting West Texas Intermediate crude oil prices will spend the better part of 2015 at $75 a barrel. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December slid $1.20, or 1.5%, to $79.79 a barrel.

Twitter Inc. said its third-quarter revenue more than doubled, and the company continued its streak of adding users. Revenue in the third quarter was $361.3 million, compared with $168.6 million a year earlier.

About the Author

has written 14548 stories on this site.

Copyright © 2012 Nine Stocks