Traders were also closely watching for any developments on the trade dispute between the United States and China. Early Tuesday, Trump touted the China negotiations in a tweet, which added to the optimism: “Very productive conversations going on with China! [U.S. to condemn China over hacking, economic espionage]“Things were looking good with Trump’s favorable announcement on trade,” Feinseth said. The drop in oil prices helped keep business prices in check in November. [Oil prices spike, stocks plummet as uncertainty roils global markets]“Oil prices are higher this morning on renewed tumult in Libya, which has knocked about 400,000 barrels per day offline,” said oil analyst John Kilduff of Again Capital.

Source: Washington Post December 11, 2018 17:53 UTC