Stocks Rallied as North Korea Tensions Eased
- Monday, August 14, 2017, 16:59
- Stock Market
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U.S. stockss rallied Monday, as the verbal standoff between the U.S. and North Korea cooled for now. At close, the Dow Jones Industrial Average rose 135.39 points, or 0.62%, to 21,993.71. The S&P 500 advanced 24.52 points, or 1.00%, to 2,465.84. The Nasdaq Composite rose 83.68 points, or 1.34%, to 6,340.23.
Oil fell sharply Monday, with concerns over rising crude output from OPEC members and U.S. shale-oil producers pushing prices to their lowest finish in three weeks. WTI crude oil for September delivery dropped $1.23, or 2.5%, to settle at $47.59 a barrel. Brent oil for October fell $1.37, or 2.6%, to $50.73 a barrel.
Target (TGT) said on Monday it is buying Grand Junction, a San Francisco-based startup that connects retailers and other distributors to a network of more than 700 carriers across North America, a move to better go toe-to-toe with rivals Amazon.com (AMZN) and Walmart (WMT) among others that have vastly increased their fast delivery capabilities.
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