XRT - Stocks Grind Higher Oil Rallies Dollar Falls: What's Driving Markets Monday? | Benzinga
U.S. stocks are kicking off the Thanksgiving holiday week on a positive note, with all major Wall Street indices trading in the green as of midday in New York.
The U.S. dollar index (DXY) has declined to 103.50 levels, marking its lowest point since late August, one day ahead of the eagerly anticipated release of the FOMC minutes from the November meeting.
Oil prices have witnessed a robust rally, with West Texas Intermediate (WTI) climbing more than 3% to breach the $78-per-barrel mark. Investors are now looking ahead to the OPEC+ meeting where the cartel is expected to further cut production to bolster crude prices. The Energy Select Sector SPDR Fund (NYSE:XLE) has registered a 0.5% increase.
Treasury yields have shown little movement, with the 10-year benchmark yield remaining flat at 4.46%.
US Index Performance On Monday
Index Performance (+/-) Value
Nasdaq 100 +0.79% 15,962.80
S&P 500 Index +0.47% 4,535.38
Dow Industrials +0.37% 35,074.82
Russell 2000 +0.48% 1,806.38