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09:38
10/10/16
10/10
09:38
10/10/16
09:38

Stocks begin week with sharp gains as oil firms above $50 per barrel

Stock futures continued to drift higher during the pre-market trading session, leading to a higher open for the broader market. There was little to account for the move higher but economic data out of China showed its services sector created jobs in the fastest pace in seven months and Russia said they would support an oil production freeze. The price of WTI crude oil is back above $50 per barrel and Brent crude has risen to its highest level of the year, topping $53 per barrel. In early trading, the Dow is up 128 points, the Nasdaq is up 37 points and the S&P is up 13 points.

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