Wall Street drifts and holds steadier after last week's big swings

Friday, November 3, 2023, Vol. 47, No. 45

NEW YORK (AP) — Stocks drifted to a mixed close as Wall Street's wild recent moves calm a bit.

The S&P 500 rose 0.2% Monday in its first trading after careening from months of sharp losses to its best week of the year. The Dow added 34 points, and the Nasdaq composite rose 0.3%.

More stocks fell than rose. The flashpoint for the stock market's movements in both directions has been what the bond market is doing, and it regressed a bit Monday following its own extreme moves.

Crude prices rose after big oil-producing countries said they'd keep production cuts in place.