Stock closed near session highs Monday, snapping a three-session losing streak, after the markets saw a choppy start following the deadly terror attacks in Paris on Friday. The S&P 500 increased by 1.41%, the Dow Jones Industrial Average gained almost 1.14% and Nasdaq rose 1.09% breaking the sixth straight down day for the index. Matt Weller, senior market analyst at Forex.com, said investors were buoyed by the belief that central banks ‘are likely to ride into the rescue’ if fear pervades markets following the attacks.’If, God forbid, if we have follow-up attacks or fear among consumers, the implication is that central banks can still ride to their rescue,’ Weller said. Markets have been under pressure as talks over a December rate hike hit stocks last week. Travel-related stocks declined Monday in the wake of the Paris terrorist attacks. Delta Air Lines (DAL) fell more than 2 percent to close out trading and American Airlines (AAL) slumped over 1.4%. Marriott International (MAR) said Monday it reached an agreement to buy Starwood Hotels & Resorts (HOT) for $12.2 billion in cash and stock. The deal would create the world’s largest hotel company. Marriott shares were up 0.40% while Starwood Hotels declined by almost 4.4%. Dillard’s (DDS) declined by nearly 7% after reporting disappointing quarterly sales. The retail company reported $1.19 a share on profit of $45.7 million and revenue of $1.43 billion. This was a decrease from the same quarter in the prior year’s earnings of $1.30 a share and profits of $55.2 million.
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