The three major U.S. indices closed Monday's session in the green Monday as the Dow Jones Industrial Average turned positive for the year.
The Dow closed trading up 1.31%, or 320 points to 24,777, while the S&P 500 gained 0.88%, or 24 points to 2,784, and the Nasdaq also gained 0.88%, or 68 points to 7,756.
Microsoft Teases Surface Tablet Ahead of Tuesday Unveiling
Microsoft (MSFT) is whetting the appetite of computer geeks all around the world after its Twitter account posted a cryptic message featuring images of the company's new surface tablet family ahead of its official unveiling on Tuesday, July 10.
Where will Surface go next? pic.twitter.com/9lz3MJmBAT— Microsoft Surface (@surface) July 9, 2018
Tech circles expect Microsoft to launch a new $400 Surface tablet to better compete with Apple's (AAPL) new budget iPad line.
Hackers Are Now Targeting Gas Stations
Hackers were responsible for the theft of 600 gallons of gasoline valued at about $1,800 from a gas station in the Detroit area, police said Monday.
The theft took place at 1 PM local time on June 23 and lasted for 90 minutes after hackers hijacked the pump to take control away from the gas station employee using a remote device. About 10 cars were able to pump gas without having to pay for it.
Just weeks before the Detroit incident a man in Texas was accused of using a "device" to steal $800 worth of gas from a station.
Nissan Says Emissions-Test Results Are Fraudulent:
Shares of Nissan NSANY were down nearly 4% Monday morning after the Japanese car manufacturer admitted that staff at four different production plants altered emissions and fuel economy data.
The data for 913 cars tested as far back as 2013 were falsified, according to the company. Nissan says that internal checks have revealed that erroneous calibration of testing equipment was also present at the factories.
"A full and comprehensive investigation of the facts...including the causes and background of the misconduct, is under way," Nissan said Monday.
Tesla Raises Model 3 Price by $20,000 in China
Tesla (TSLA) is responding to the burgeoning trade war between China and the U.S. by increasing the price of the Model S and Model X in China by about $20,000.
Tesla is the largest foreign electric vehicle exporter to China, and previously decreased the price of the two vehicles by between $6,000 and $14,000 in May.
However, a new round of tariffs levied by the U.S. and the response from China has forced the company to reevaluate its business model in the country.
Over the weekend, the price of the Model S and Model X was increased between $22,600 and $37,600, according to Electrek.
Oil Expert Predicts 10% Jump in Oil Prices This Summer
Tom Kloza of the Oil Price Information Service has bad news for consumers getting used to current oil price levels. Kloza told CNBC Monday that he expects the price of global oil benchmark Brent crude to increase another 10% this summer.
"We can get into the $80s for Brent again, and I think we could get to $80 for WTI," Kloza told CNBC Monday.
In spite of the price increase, Kloza placed the odds of the commodity reaching $100 a barrel this summer as very slim.
U.S. futures and world markets were climbing in spite of a fresh round of tariffs levied against China, indicating that the fallout from the cold relations between the two economic superpowers may already be priced into the market.
Dow futures were climbing 0.4%, indicating an open 99 points higher, while S&P futures were rising 0.35%, indicating an open 10 points higher, and Nasdaq futures were rising 0.36%, indicating an open 26 points higher.
Chinese markets had a strong day of trading Monday, led by the Shanghai Composite, which jumped 2.47%, while the Hang Seng gained 1.32% and the Nikkei rose 1.21%.
European markets were also slightly in the green, led by the CAC 40, which gained 0.36%, the FTSE 100, which rose 0.35% and the DAX was rising 0.05% with about four hours left in trading.