Stocks Ended at Records as Senators Reached Deal to End Shutdown

U.S. stocks closed at records on Monday after the Senate approved a procedural bill that would allow the government to end a multiday shutdown. The Dow Jones Industrial Average rose 142.88 points, or 0.55%, to 26,214.60. The S&P 500 rose 22.67 points, or 0.81%, to 2,832.97. The Nasdaq Composite advanced 71.65 points, or 0.98%, to 7,408.03.

Oil prices finished higher on Monday following comments from OPEC kingpin Saudi Arabia that the cartel and other major oil producers could extend their production cuts beyond 2018. February West Texas Intermediate crude rose 12 cents, or 0.2%, to settle at $63.49 a barrel. The March contract picked up 26 cents, or 0.4%, to end at $63.57 a barrel.

The United States is projected to grow 2.7 percent in 2018 as President Trump’s tax cuts boost growth, the International Monetary Fund said in a new report Monday, delivering more positive economic news as the president passes his one-year mark in the White House.

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