The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

New York (AFP) — U.S. stocks Monday followed European and Asian equity markets higher amid perceptions of easing geopolitical tensions in Ukraine.

Five minutes into trade, the Dow Jones Industrial Average gained 35.16 points (0.21 percent) to 16,589.09.

The broad-based S&P 500 advanced 6.45 (0.33 percent) to 1,938.04, while the tech-rich Nasdaq Composite Index added 17.22 (0.39 percent) at 4,388.12.

“The major averages are poised to advance as tension in Eastern Europe eases,” said a note from Wells Fargo Advisors that cited the completion of Russian military exercises near the Ukrainian border.

Ukrainian forces have been forging on with an operation to wrest back control of the main pro-Russia rebel-held cities in the east, cutting them off from the Russian border.

A string of solid advances in recent weeks has put Kiev on the front foot, with the military’s top brass pledging to stamp out the pro-Russia insurgency — which they say is instigated and armed by Moscow — in the near future.

Oil prices slipped back, while equity markets in Tokyo, London, Paris, and Frankfurt all rose.

AFP Photo/Spencer Platt

Interested in economic news? Sign up for our daily email newsletter!

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Late Show Host Stephen Colbert Rips Into Ted Cruz On Guns

As we learn more and more about the horrible details surrounding the deadly school massacre in Uvalde, Texas, we get to see all the feckless Republicans do the old song and dance on guns. When they're not gassing up the dump trucks of thoughts and prayers to avoid any accountability for doing the NRA's bidding, they're suggesting absolutely laughable solutions to school shootings.

Late Show host Stephen Colbert dismantled Senator Ted Cruz’s latest moronic suggestion that locked doors or single entry and exit points would stop mass shootings

Keep reading... Show less

By Lucia Mutikani

WASHINGTON (Reuters) - U.S. consumer spending rose more than expected in April as households boosted purchases of goods and services, and the increase in inflation slowed, which could underpin economic growth in the second quarter amid rising fears of a recession.

Keep reading... Show less
{{ post.roar_specific_data.api_data.analytics }}