The benchmark S&P 500 touched a new record Monday as the robust jobs report in July inspired confidence in the investors that the U.S. economy is steadily growing.
According to the labor market data out Friday, the economy added 255,000 jobs in July, much higher than expected by economists. The positive momentum was carried this week that lifted the S&P 500 to 2,185.44, a new record, shortly after the opening trade. It is currently trading at 2,181.28.
The Dow jones industrial average was flat at 18,532.78, and the Nasdaq was down 0.24% to 5,208.7.
Stocks On The Move
Walmart To Acquire Jet.Com: In a move to boost its e-commerce business, Walmart is buying web retailer Jet.com for $3.3 billion. Walmart’s shares were down 0.6% to $73.32.
Steinhoff Buys
Delta’s Stock Dips Amid Global Outage: Thousands of Delta Air Line’s passengers were left stranded around the globe after the airline company reported a system outage. Shares that dipped close to a percent in the opening trade, have turned positive as some of the flights have resumed operations.
Amazon’s Japan Office Raided: Shares of e-commerce giant were down 0.4% Monday as Japanese antitrust regulators searched the local offices of
Safe havens: Gold was trading at $1,336 an ounce, while the yield on benchmark 10-year Treasury note was at 1.58%.
Oil: The crude oil was up 3% to $43 a barrel on reports that some OPEC members have called for limiting oil production.
