Nasdaq Closes Lower as Oil Prices Surge Ahead of Earnings, Data
The Nasdaq composite closed lower Monday as oil prices jumped nearly $2 a barrel after attacks on a Saudi airport. The S&P 500 closed nearly flat.
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Nasdaq closes at record high as investors focus on earnings
The index rose 1.05% to 27,477.31 after weaker-than-expected US jobs data boosted bets against an October Fed rate hike. PTC jumped 33% on Schneider Electric's $22.6 billion all-cash bid, while RXO rose over 22% on a $5.8 billion deal with C.H. Robinson.