Mid-Morning Market Update: Markets Edge Higher; Wal-Mart Names New CEO
Following the market opening Monday, the Dow traded up 0.16 percent to 16,091.03 while the NASDAQ gained 0.02 percent to 3,992.36. The S&P also rose, surging 0.05 percent to 1,805.70.
Wal-Mart appointed Doug McMillon, head of international operations, as its new president and CEO, effective February 1.
SeaDrill (NYSE: SDRL) was down, falling 4.18 percent to $43.35 after the company reported downbeat Q3 profit.
In commodity news, oil traded down 1.51 percent to $93.41, while gold traded down 0.80 percent to $1,234.70.
Silver traded down 0.31 percent Monday to $19.84, while copper rose 0.06 percent to $3.22.
European shares were higher on Monday. The Spanish Ibex Index rose 0.28 percent, while Italy's FTSE MIB Index gained 0.14 percent. Meanwhile, the German DAX surged 0.90 percent and the French CAC 40 jumped 0.52 percent while U.K. shares rose 0.34 percent.
The pending home sales index declined 0.6% to 102.1 in October.
The Treasury is set to auction 3-and 6-month bills.
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