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US: Stocks end near flat to begin earnings-heavy week

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[NEW YORK] Wall Street stocks finished little changed on Monday at the start of a heavy earnings week, with most petroleum-linked shares rising with oil prices. Read more at The Business Times.

[NEW YORK] Wall Street stocks finished little changed on Monday at the start of a heavy earnings week, with most petroleum-linked shares rising with oil prices.The broad-based S&P 500 added 0.1 per cent at 2,907.97, while the tech-rich Nasdaq Composite Index won 0.2 per cent to 8,015.26.

Oil producers Marathon Oil and Apache jumped 6.6 per cent and 3.4 per cent respectively after the Trump administration announced it would no longer permit waivers for countries that have imported Iranian oil, lifting crude prices. Bed, Bath & Beyond fell four percent as it announced a shakeup of its board, naming five new directors to make up for five departures. The company has faced pressure from shareholder activists.

 

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