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.
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