The latest on developments in financial markets (All times local):
Stocks are opening mostly lower on Wall Street, except for energy companies, which rose along with the price of oil.
Big jumps in Exxon Mobil and Chevron early Monday nudged the Dow Jones industrial average higher, but other major market indexes were lower.
The price of crude oil jumped 4 percent as oil-producing countries outside of OPEC agreed to reduce production. OPEC nations had already agreed on their own production cuts.
The Standard & Poor’s 500 index slipped 1 point, or 0.1 percent, to 2,257. The S&P 500 is coming off its sixth straight gain, its longest winning streak since June 2014.
The Dow climbed 16 points, or 0.1 percent, to 19,773. The Dow is trading at another record high.
The Nasdaq composite slipped 27 points, or 0.5 percent, to 5,416.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info