iStock/Thinkstock(NEW YORK) — Wall Street closed higher Monday, boosted by a rise in oil prices.
The Dow jumped 88.55 (+0.49 percent) to finish at 18,329.04.
The Nasdaq gained 36.27 (+0.69 percent) to close at 5,328.67, while the S&P 500 finished at 2,163.66, up 9.92 (+0.46 percent) from its open.
Crude oil climbed nearly 2 percent with prices hitting under $52 a barrel.
Mylan: Shares in Mylan Inc soared over 8 percent after announcing Friday the company had agreed to settle with the Justice Department for $465 million over its EpiPen pricing controversy. The EpiPen-maker was accused of over-billing the government for its allergy treatment. The terms of the settlment do not find guilt on the part of the company, according to Mylan.
Samsung: Sprint, Verizon, T-Mobile and AT&T have all agreed to no longer sell the replacement Samsung Galaxy Note 7 after reports that the problems with the first device were still happening, including the smartphone smoking, melting and/or catching fire. Samsung’s shares finished under 2 percent lower. Meanwhile, Apple’s shares closed nearly 2 percent higher for its highest point since December as Samsung continued to deal with its fire crisis.
Warren Buffett: Billionaire investor Warren Buffett responded to Republican presidential nominee Donald Trump suggesting during Sunday night’s debate that Buffett also takes a “massive deduction” in his taxes.
“I have paid federal income tax every year since 1944, when I was 13. (Though, being a slow starter, I owed only $7 in tax that year.) I have copies of all 72 of my returns and none uses a carryforward,” Buffett said in a statement.
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