Dow rises more than 250 points as oil prices ease
U.S. stocks mixed as falling oil prices lifted market sentiment and eased pressure on energy shares while Dow, S&P 500 and Nasdaq diverged. See the key drivers behind gains in crypto stocks and fresh analyst calls.
U.S. stocks finished mixed on Monday, with the Dow Jones Industrial Average gaining 262.83 points, or 0.51%, while the S&P 500 was nearly flat and the Nasdaq Composite slipped 0.18%.
The move came as oil prices fell sharply after signs of easing tensions in the Middle East. Lower energy prices helped support broader market sentiment, while sectors linked to oil and gas came under pressure.
Other market stories included gains in cryptorelated stocks, renewed analyst interest in Lime parent Neutron Holdings, and fresh research calls on companies including Tesla, Alphabet and Rhythm Pharmaceuticals. In Europe and Asia, major indexes also traded higher as investors responded to the lower oil backdrop.