U.S. stocks end higher as oil rebounds; Fed decision in focus ~ Marketwatch

7:18 AM | December 15, 2015 BERITA No Comments
  • U.S. stocks ended Monday’s volatile session with modest gains, lifted by a rebound in crude-oil prices.
  • On Monday, the Dow industrials turned a triple-digit loss into a triple-digit gain, while the S&P 500 index dipped below 2,000 before rebounding as crude-oil prices CLF6, -0.19% briefly fell below $35 a barrel but settled higher for the first time in seven sessions.
  • The S&P 500 SPX, +0.48% closed 9.57 points, or 0.5%, higher at 2,021.94, led by gains in defensive sectors such as telecoms and consumer staples as investors opted for safe plays. Materials stocks were the only decliners, closing down 1.4%.
  • The Dow Jones Industrial Average DJIA, +0.60% which was down 120 points at session lows, closed 103.29 points, or 0.6%, higher at 17,368.50, while the Nasdaq Composite COMP, +0.38% added 18.76 points, or 0.4%, to 4,952.23.
  • The implied volatility on the S&P 500 as measured by the CBOE Volatility index VIX, -6.81% reversed earlier gains and fell 8% to 22, retreating from two-month highs reached intraday.
  • The main indexes have traded in lockstep with oil over the past several sessions, and crude’s slump has been a key driver of the recent selling. Energy-related stocks XLE, +0.53% have been hammered in particular, although they rebounded on Monday.