Stocks Ended Marginally Higher, Led by Energy Gains

Stocks closed marginally higher Monday, as strength in energy shares helped to offset selling pressure sparked by geopolitical concerns. The Dow Jones Industrial Average rose 1.92 points, or 0.01%, to 20,658.02. The S&P 500 edged up 1.62 points, or 0.07%, to 2,357.16. The Nasdaq Composite gained 3.11 points, or 0.05%, to 5,880.93.

Oil futures settled higher Monday, stretching their wining streak to a fifth consecutive session. May West Texas Intermediate crude tacked on 84 cents, or 1.6%, to settle at $53.08 a barrel. June Brent crude added 74 cents, or 1.3%, to $55.98 a barrel.

AT&T Inc (T) said on Monday it would buy Straight Path Communications Inc (STRP), a holder of licenses to wireless spectrum, for $1.25 billion in an all-stock deal as it aims to accumulate the airwaves it needs for a next generation network.

Aspen Skiing Co. and Denver’s KSL Partners on Monday acquired Intrawest Resorts in a $1.5 billion deal that gives Aspen Skiing and KSL control of Steamboat and Winter Park ski areas.