Stocks Opened Higher, Lifted by Energy Sector

U.S. stocks opened higher on Monday, as higher oil prices helped boost energy companies and as investors prepared for the start of earnings season and scratched their heads over the second U.S. presidential debate. The Dow Jones Industrial Average lately added 151.25 points, or 0.83%, to 18,391.74. The S&P 500 gained 15.06 points, or 0.70%, to 2,168.80. The Nasdaq Composite was up 46.28 points, or 0.87%, to 5,338.68.

Oil prices rose around one percent on Monday, approaching one-year highs, as speculators raised bets that oil prices would gain on the back of a landmark agreement among OPEC producers to rein in record output levels. Global benchmark Brent crude futures reached a high of $52.57 a barrel, not far off a one-year high of $52.86 a barrel, by 1207, up 64 cents on Friday’s close.

Duke Energy Corp. agreed to sell its Brazilian assets to China Three Gorges Corp. for $1.2 billion as the utility owner looks to focus on its regulated U.S.

About the Author

has written 15904 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

You must be logged in to post a comment.

Copyright © 2012 Nine Stocks