Stocks Ended Higher, Led by Tech, Energy Shares

U.S. stocks closed higher on Monday, helped by the technology and energy shares as oil prices rose and investors waited for an expected U.S. Federal Reserve rate hike later in the week. The Dow Jones Industrial Average rose 56.87 points, or 0.23%, to 24,386.03. The S&P 500 gained 8.49 points, or 0.32%, to 2,659.99. The Nasdaq Composite added 35.00 points, or 0.51%, to 6,875.08.

U.S. oil prices finished at a more than one-week high as upbeat economic data helped to raise expectations for crude demand, offsetting some pressure from concerns over growing U.S. production. January West Texas Intermediate crude tacked on 63 cents, or 1.1% to end at $57.99 a barrel. February Brent crude rose $1.29, or 2%, to settle at $64.69 a barrel.

The Chicago Board Options Exchange launched bitcoin futures to trading over the weekend. Upon its debut Sunday, bitcoin futures went red hot, forcing the CBOE to put to halts in a bid to calm the raging market. The price of the underlying asset itself, bitcoin, surged as much as 26%.