Stocks are drifting higher on Wall Street in light trading as U.S. markets reopen following the Christmas holiday.

According to the latest Labor Department data, weekly jobless claims fell to 219,000 compared with expectations of 223,000.

By the of the trading session, the MOEX index rose by 1.23% to 2,766.57 points, while the RTS index rose by 1.63% to 878.3 points. The yuan exchange rate fell by 0.64% over the day to 13.4 rubles.

Reinsurance Group of America RGA shares are trading at a discount to the Zacks Life Insurance industry. Its forward price-to-book value of 1.24X is lower than the industry average of 1.96X, the ...

The U.S. stock market seems determined to defy the Federal Reserve. While the Fed has cut interest rates by a total of 100 ...