Energy and technology stocks jump, sending US indexes higher
NEW YORK (AP) — U.S. stocks are climbing Tuesday as the price of oil makes its biggest jump in seven months, sending energy companies higher.
Microsoft, Facebook and Google's parent company, Alphabet, all posted solid gains.
Bond prices had fallen sharply since the election over worries that President-elect Donald Trump's spending plans would lead to higher inflation.
Energy companies led the market higher as investors once again grew hopeful that the OPEC cartel will agree to cut fuel production.
Tech stocks have been losing ground recently, but Microsoft picked up $1.41, or 2.4 percent, to $59.14 and graphics processor maker Nvidia rose $2.56, or 3.1 percent, to $86.20..
THE QUOTE: "The market somehow decided 'let's give the Trump presidency a chance," said John DeClue, chief investment officer for U.S. Bank's private client reserve.
[...] DeClue said the bond market could struggle with Trump in the White House: if taxes are cut and government spending rises sharply, that could lead to climbing deficits that would trouble investors in U.S. government debt.
Equity One will combine with Regency Center in a deal that combines two real estate investment trusts that own shopping centers.
Buffett has avoided the volatile industry in the past, but his holding company disclosed stakes in each company in a form filed with the Securities and Exchange Commission.
Retail sales climbed 0.8 percent in October as consumers spent more money on cars and home and garden supplies, among other types of products.
JD.com said expects to sell its stake in the company and that JD Finance will be owned solely by Chinese investors.