Stocks Ended Mixed, Dow Broke 4-day Win Streak
- Monday, January 8, 2018, 16:25
- Stock Market
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U.S. stocks ended mixed on Monday, as investors took a breather ahead of earnings season. The Dow Jones Industrial Average slipped 12.87 points, or 0.05%, to 25,283.00. The S&P 500 gained 4.56 points, or 0.17%, to 2,747.71. The Nasdaq Composite advanced 20.83 points, or 0.29%, to 7,157.39.
Oil prices finished higher on Monday, as traders welcomed data showing a weekly decline in the number of U.S. drilling rigs. February West Texas Intermediate crude gained 29 cents, or 0.5%, to settle at $61.73 a barrel. March Brent crude added 16 cents, or 0.2%, to $67.78 a barrel.
U.S. consumer credit outstanding rose in November by the most in 16 years as credit-card balances surged, Federal Reserve data showed Monday. Total credit rose $28b (est. $18b) or at an 8.8% annualized rate after a $20.5b gain.
Camera maker GoPro Inc. is getting out of the drone business, laying off more than 20% of its workforce and losing two executives after predicting a sharp decline in its fourth-quarter revenue and disclosing weak holiday-season demand for its cameras.
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