Three days left of trade in 2015, and the markets started the week with low energy. All the major indices ended the day in the red, with the Dow and S&P 500 still negative for the year. Will they be able to rally enough to turn positive? Much of it depends on oil!
Oil futures fell sharply lower Monday on renewed worries about weak demand out of China and a continuing global crude supply glut. Crude fell 3.4% to settle at $36.81 a barrel.
"Star Wars: The Force Awakens" is still a wild, speeding comet in the world of Hollywood. The film has broken the world record for the fastest climb to $1 billion, beating "Jurassic World." Star Wars also set a new record for IMAX, reaching $100 million at the fastest pace ever. And all this is without China! The film will be rolling out there in less than two weeks.
Disney (NYSE:DIS) closed higher by 1.31% while IMAX (NYSE:IMAX) settled slightly lower.
Fitbit (NYSE:FIT) is faring well after the weekend Apple (NASDAQ:AAPL) App Store and Alphabet's (NASDAQ:GOOGL) Google Play download rankings suggest the wearable device maker's signature wrist bands were a big hit under the tree this year in the U.S.
Fitbit is trading near June's post-IPO opening trade of $30.40 and closed higher by 3.3%.
The Iowa GOP caucuses are just over a month away. I spoke with the 2012 Hawkeye State winner, former Pennsylvania Senator Rick Santorum, about continuing his run for the presidency and what sets him apart from some of the other outspoken candidates. I asked him about his stance on supporting higher minimum wage and urging the GOP to stop being the party that says "no" to higher wages for lower earners.