U.S. stocks opened mixed on Monday, following upbeat news on Friday from the labor market and the Federal Reserve. The Dow Jones Industrial Average lately shed 37.38 points, or 0.16%, to 23,395.78. The S&P 500 was up 0.24 point, or 0.01%, to 2,532.18. The Nasdaq Composite rose 32.01 points, or 0.47%, to 6,770.87.
U.S. equities posted a strong first week of trading in the new calendar year, with each of the three major indices advancing by more than 1.5% during the holiday-shortened week.
Oil prices headed for a fifth straight day of gains Monday, with last week’s upbeat sentiment on supply restraint and softening concern for a weaker U.S. economy carrying over to a new week. West Texas Intermediate crude for February delivery added 94 cents, or 1.9%, to $48.90 a barrel. March Brent crude added 90 cents, or 1.6%, to $57.96 a barrel.
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