U.S. stocks reduced their gains Monday after Russia's ambassador to Turkey had been shot dead in Ankara and several people were killed by a truck driven into a Christmas market in Germany. Jeanne Yurman reports.
After six straight weeks of Trump-inspired gains, stocks continued to move modestly higher. This despite news that Russia's ambassador to Turkey had been shot dead in Ankara, and, later, that a truck drove into a crowd in Berlin killing at least nine people. In the U.S. Federal Reserve Chair Janet Yellen emphasized that the jobs market was the strongest in a decade in prepared remarks at a commencement ceremony in Baltimore. The Dow is closer to the 20,000 mark - an important milestone - says Jane Barratt, CEO of GoldBean. SOUNDBITE: JANE BARRATT, CEO, GOLDBEAN (ENGLISH) SAYING: "It's just a number that hasn't been reached before. And it's been a long time coming. We've come a long way in the last eight years, and I think it really is an amazing stake in the ground for the health and the pricing of the market." Top executives of New York-based hedge fund Platinum Partners were arrested on Monday for allegedly running a billion dollar fraud that federal prosecutors say was "like a Ponzi scheme." General Motors is shutting down five U.S. auto assembly plants next month to stem the oversupply of sedans which have lost ground with American car buyers. In Europe, stocks retreated from 11-month highs.