Stocks Ended at Records as Techs, Energy Stocks Rally

U.S. stocks rose to records on Monday, as Apple and Facebook propelled technology shares and oil prices boosted energy stocks. The Dow Jones Industrial Average gained 88.76 points, or 0.47%, to 18,956.69. The S&P 500 rose 16.28 points, or 0.75%, to 2,198.18. The Nasdaq Composite advanced 47.35 points, or 0.89%, to 5,368.86.

Oil futures settled at a three-week high on Monday, buoyed by a renewed push by members of the Organization of the Petroleum Exporting Countries to resolve differences. December West Texas Intermediate crude tacked on $1.80, or 3.9%, to settle at $47.49 a barrel. January Brent crude rose $2.04, or 4.4%, to $48.90 a barrel.

Tyson Foods Inc. said it would replace its chief executive as the largest U.S. meat company faces questions over its ability to maintain rapid profit growth, and broader market scrutiny over the way chicken is priced.

When identity theft protection provider LifeLock hired Goldman Sachs to sell itself, it was Jesse Cohn, a 36-year old hedge fund investor with Elliott Management, who quickly became one of the most likely buyers of the New York Stock Exchange-listed firm.

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