view original post

U.S. stocks rallied Monday with all three of the major averages kicking off November at all-time highs. 

The Dow Jones Industrial Average rose 172 points, or 0.48%, while the S&P 500 index and the Nasdaq Composite index advanced 0.28% and 0.16%, respectively. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 35993.15 +173.59 +0.48%
SP500 S&P 500 4614.03 +8.65 +0.19%
I:COMP NASDAQ COMPOSITE INDEX 15508.094152 +9.71 +0.06%

In stocks, American Airlines Inc. has canceled more than 1,700 flights since Friday due to what the airline says are staffing issues caused by weather disruptions at its Dallas/Fort Worth International Airport hub. Southwest Airlines Inc., which is also based in Dallas, dealt with similar issues.     

Ticker Security Last Change Change %
AAL AMERICAN AIRLINES GROUP, INC. 19.02 -0.18 -0.96%
HOG HARLEY-DAVIDSON, INC. 39.87 +3.38 +9.26%

Harley-Davidson Inc. shares were sharply higher as the U.S. and European Union agreed to a deal on steel and aluminum tariffs. The motorcycle maker was facing a 56% tariff in Europe. 

TREASURY SECRETARY JANET YELLEN’S INFLATION U-TURN

Barclays CEO Jes Staley stepped down from his role after U.K. regulators made preliminary conclusions regarding his relationship with Jeffrey Epstein. The investigation didn’t find evidence that Staley was aware of Epstein’s crimes. C.S. Venkatakrishnan, head of global markets, will replace Staley as CEO. 

Ticker Security Last Change Change %
BCS BARCLAYS PLC 11.13 -0.04 -0.40%

Moderna Inc. said the U.S. Food and Drug Administration needs more time to approve its COVID-19 vaccine for children ages 12 to 17 years as it looks into the risk of myocarditis, a type of heart inflammation that has been a side effect found mostly in young males. 

Ticker Security Last Change Change %
MRNA MODERNA, INC. 324.23 -20.98 -6.08%

Video game company Roblox Corp. is back online after suffering an outage that lasted from Thursday evening through Sunday afternoon.  

Ticker Security Last Change Change %
RBLX ROBLOX CORP. 82.10 -1.93 -2.30%

In deals, Tesla Inc. has reached an agreement with China-based Ganfeng Lithium in which the latter will supply battery products from late 2022 to 2024. 

Ticker Security Last Change Change %
TSLA TESLA, INC. 1,121.80 +7.80 +0.70%

Coca-Cola Co. will buy the remaining 70% of sports drink maker BodyArmor that it doesn’t already own for $5.6 billion, according to The Wall Street Journal. The deal values BodyArmour at about $8 billion.  

Ticker Security Last Change Change %
KO THE COCA-COLA CO. 56.13 -0.21 -0.37%

In commodities, West Texas Intermediate crude oil jumped $1.03 to $84.60 a barrel and gold rose $4.30 to $1,788.20 an ounce. 

Overseas markets were mixed. 

European bourses rallied across the board with Britain’s FTSE 100 edging up 0.4%, Germany’s DAX 30 advancing 0.57% and France’s CAC 40 rising 0.72%. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

In Asia, Japan’s Nikkei 225 surged 2.61% after the ruling party maintained its majority in Sunday’s parliamentary election. Elsewhere in the region, Hong Kong’s Hang Seng index slid 0.88% and China’s Shanghai Composite lost 0.08%.