Stocks Ended Mixed as Energy Spiked

U.S. stocks ended mixed on Monday as a spike in energy shares offset sharp declines in large-cap technology names. The Dow industrials rose 67.18 points, or 0.40%, to 17.073.95. The S&P 500 gained 1.77 points, or 0.09%, to 2,001.76. The Nasdaq Composite was down 8.77 points, or 0.19%, to 4,708.25.

Oil futures rallied on Monday, posting their highest settlements of the year. April WTI crude climbed by $1.98, or 5.5%, to settle at $37.90 a barrel on the New York Mercantile Exchange. May Brent crude rose $2.12, or 5.5%, to $40.84 a barrel on London’s ICE Futures exchange.

Exelon Corp. and Pepco Holdings Inc. filed a new proposal on Monday morning with the D.C. Public Service Commission (PSC) aimed at saving their proposed $6.8 billion merger, according to a statement issued by the companies.

Casual family restaurant chain Buffets LLC filed for bankruptcy protection Monday, marking the company’s third trip through chapter 11 since 2008.