Stocks close higher as markets shift their attention from geopolitical turmoil to corporate earnings

markets.businessinsider.com | 4/16/2018 | Staff
Night987 (Posted by) Level 3
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Stocks rose Monday as focus shifted from geopolitical turmoil to corporate earnings reports. Markets seemed comforted by a lack of immediate Russian retaliation after the US and its allies carried out air strikes against the Syrian government on Friday.

Here's the scoreboard:

S - P - Briefly - Level - Month

The S&P 500 briefly hit its highest level in almost a month. Pharmacy stocks led the index higher after Amazon said it's hitting the pause button on its plan to sell prescription drugs to hospitals.

The US decided to hold back on issuing another round of sanctions on Russia. Ambassador to the United Nations Nikki Haley had previously said that the US would be hitting Moscow with more economic penalties Monday.

Oil - Prices - Officials - Airstrike - Syria

Oil prices fell sharply as some officials said that another airstrike on Syria by the West is not imminent. Crude hit a three-year...
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