Business
Stocks Are Gaining. The Market Is Still Following Moves in Oil.
Stocks opened higher on Monday because oil prices are still the market’s main driver.
The Dow Jones Industrial Average rose 612 points, or 1.3%. The S&P 500 was up 1.4%. The Nasdaq Composite was up 1.5%.
West Texas Intermediate crude oil futures dropped 5.2% to $93.57 a barrel after the U.S. benchmark briefly crossed $100 overnight. Brent crude futures were down 2.4% to $100.65.
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