U.S. Stocks Rise as Drugmaker Gains Offset Slide in Commodities
- Oil falls as Canada fires shift away from oil-sands sites
- Brazil's real drops with Philippine peso on politics
Are There Encouraging Signs in China's Economy?
U.S. equities fluctuated Monday, ending the session higher as gains in health-care and consumer shares offset disappointing Chinese trade data, while prospects for increases in U.S. interest rates dragged commodities lower.
Drugmakers and retailers led a 0.1 percent advance in the S&P 500, while energy and raw-material producers slid. Oil tumbled after shifting winds moved wildfires away from oil-sands facilities in Canada’s Alberta region, easing speculation that production cuts would make a substantial dent in U.S. stockpiles. The dollar rose a fifth day, while the Brazilian real weakened after the push to oust President Dilma Rousseff hit a glitch. Filipino assets dropped after an anti-establishment candidate claimed victory in the presidential vote.