New York (Benchmark News) – United States stock exchange closed trading Monday on strong (10/10/2016) following the strengthening of the energy sector that boosted the rise in the price of crude oil. The Standard Poor’s 500 Index closed & strengthened 0.46% or 9.92 points to 2,163.66 in New York, while the Dow Jones Industrial Average closed up 0.49% or 88.55 points to as low as 18.329,04. Oil prices strengthened after Russia’s President Vladimir Putin said his country was willing to consider freezing oil production cut even cooperate with OPEC.
West Texas Intermediate crude oil for November delivery closed strengthened 3.1% or US $ 1.54 to US $ 51,35 a barrel, while the global benchmark Brent for December delivery strengthened 2.3% or US $ 1.21 to US $ 53,14 a barrel. ” Strengthening these days because Putin say that he was willing to reduce output and limit production to boost oil prices, “said John Conlon, head of Equity strategy for people’s United Wealth Management was quoted as saying Bloomberg, Monday (10/10/2016). In addition, he said, the Exchange also pushed optimsme market if U.S. presidential candidate Hillary Clinton will win the election. The poll via phone done CNN showed the Democratic candidate’s victory for Hillary Clinton in a debate held Sunday with Republican Party candidate Donald Trump. In the meantime, the market is also waiting for the statement meeting of the U.S. central bank noted in September, the Fed will be released on Wednesday. The release of data on retail sales and producer prices, and consumer sentiment will be announced Friday…(Red)