Stocks Soared after French Election

U.S. stocks soared to finish higher on Monday, following global equities after closely watched first-round presidential election results in France. The Dow Jones Industrial Average jumped 216.13 points, or 1.05%, to 20,763.89. The S&P 500 surged 25.46 points, or 1.08%, to 2,374.15. The Nasdaq Composite rose 73.30 points, or 1.24%, to a record close at 5,983.82.

The U.S. oil benchmark fell for a sixth straight session Monday as nagging worries about rising domestic production outweighed optimism about prospects for an extended agreement on output cuts by OPEC and other major producers. Light, sweet crude futures for delivery in June fell 39 cents, or 0.8%, to close at $49.23 a barrel. une Brent crude fell 36 cents, or 0.7%, to settle at $51.60 a barrel.

Tesla expects a big jump in its customer base after releasing the brand’s first widely affordable electric car, so it’s moving to double the size of its global charging network this year to avoid overloading thousands of existing stations.