Stocks Ended Higher, Led by Energy Stocks

U.S. stocks closed solidly higher on Monday, led by gains in energy companies as the price of oil turned higher. The Dow Jones industrial average gained 237.77 points, or 1.38%, to 17,483.01. The S&P 500 increased 30.15 points, or 1.49%, to 2,053.19. The Nasdaq composite climbed 56.73 points, or 1.15%, to 4,984.62.

Oil futures finished higher Monday buoyed by news that output from the Organization of the Petroleum Exporting
Countries saw third consecutive monthly decline, as France’s airstrikes in Syria raised concerns over potential supply disruptions in the Middle East.West Texas Intermediate crude for December delivery added $1, or 2.5%, to settle at $41.74 a barrel on the New York Mercantile Exchange

Music-streaming service Rdio is going into bankruptcy and shutting down its service, and Pandora Media Inc. is
buying some of the competitor’s important assets. Pandora said in an announcement Monday afternoon that it
will pay $75 million for technology and intellectual property from San Francisco-based Rdio, and will also welcome some employees of the rival service.

Liberty Global Plc offered to buy Cable & Wireless Communications Plc in a 3.6 billion pound ($5.5 billion) deal that will unite the two John Malone-backed companies and extend Liberty’s reach in the Caribbean.

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