Wall Street Closing

NEW YORK, 21 Rabi’I, 1438,December 20, 2016, SPA– U.S. stocks closed higher Monday as telecommunications led and traders bought some recently less-favored sectors.
In U.S. economic news, Federal Reserve (Fed) Chair Janet Yellen said in a speech that the country has the strongest jobs market in nearly a decade, and there are indications wage growth is picking up.
The dollar gained ground against a basket of currencies. Light sweet crude oil for January delivery added 22 cents to $52.12 a barrel on the New York Mercantile Exchange, while gold futures climbed $5.30 to $1,142.70 an ounce.
The Dow Jones industrial average rose 58, or 0.30 percent, to 19,902. The broader Standard & Poor’s 500 index increased 7, or 0.31 percent, to 2,265. The technology-heavy Nasdaq composite index gained 31, or 0.57 percent, to 5,468.
10:25 LOCAL TIME 07:25 GMT