2. Slippery oil politics: There’s been talk that OPEC could hold an emergency meeting to discuss the recent sharp drop in oil prices.
Nigeria’s oil minister, who also acts as president of OPEC, told the Financial Times Monday that the crash in crude oil prices could cause the cartel to reconvene.
In theory, this meeting could open the door for a cut in production to push prices higher. But Saudi Arabia — OPEC’s most powerful member — has been vocal about its opposition to cutting output.
–
6. Monday market recap: The Dow Jones industrial average lost 24 points, while the S&P 500 was flat.
The Nasdaq rose 0.1%, marking it’s 9th straight day of gains. This is its longest winning streak since September 2010.
Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.
