Stocks Ended Sharply Higher on Cyber Monday

U.S. stocks ended sharply higher on Monday, as retail shares rallied on expectations of strong sales as shoppers went hunting for deals on Cyber Monday. The Dow Jones Industrial Average rose 354.29 points, or 1.46%, to 24,640.24. The S&P 500 advanced 40.89 points, or 1.55%, to 2,673.45. the Nasdaq Composite climbed 142.87 points, or 2.06%, to 7,081.85.

Oil settled higher on Monday, with U.S. prices posting their biggest one-day rise in eight weeks. January West Texas Intermediate crude rose $1.21, or 2.4%, to settle at $51.63 a barrel. January Brent gained $1.68, or 2.9%, to $60.48 a barrel.