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Global stocks modestly higher in quiet holiday trading

Global stocks modestly higher in quiet holiday trading
Business
Japan s benchmark Nikkei 225 edged up 0.5% to finish at 22,200.56. South Korea s Kospi inched up 0.1% to 2,216.15. The Shanghai Composite gained 0.6% to 3,270.80.

Some other markets remain closed for the holiday, including in the U.S., Hong Kong and Australia.

Overnight, major U.S. stock indexes capped the holiday shortened week with slight gains, although the marginal upward move was not enough to keep the benchmark S&P 500 index from snapping a string of three straight weekly gains.

The S&P 500 gained 4.58 points, or 0.2%, to 2,905.03. The Dow Jones Industrial Average rose 110 points, or 0.4%, to 26,559.54. The Nasdaq composite inched 1.98 points higher, or less than 0.1%, to 7,998.06. The Russell 2000 index of small-cap dropped 1.85 points, or 0.1%, to 1,565.75.

ENERGY: Benchmark U.S. crude oil added 7 cents to $64.07 a barrel. It rose 0.4% to settle at $64 per barrel Thursday. Brent crude, the international standard, added 0.5% to $71.97 per barrel.

CURRENCIES: The dollar rose slightly to 111.92 Japanese yen from 111.89 yen late Thursday. The euro weakened to $1.1247 from $1.1258.
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