US Close 15 Dec 15: Nice run in the last 20 minutes of trade the DOW up 104pts

US sharemarkets rallied in the last half hour of trade, on Monday, reversing earlier losses.  Oil prices steadied and the S&P energy sector reversed course and was up 0.8% in late trade. The FOMC two-day policy meeting begins on Tuesday and kept investors cautious. At the close of trade left, the Dow Jones index was up 103 points or 0.6% with the S&P 500 up 0.5% while the Nasdaq gained 19 points or 0.4%.

World oil prices rebounded on Monday, after almost falling to 11-year lows. The global oil supply glut continued to dominates sentiment.

 

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