Stocks Ended Higher, Oil Prices Fell

U.S. stocks ended higher on Monday, as investors attempted to shake off a coronavirus-driven selloff on Friday. The Dow Jones Industrial Average rose 143.78 points, or 0.51%, to 28,399.81. The S&P 500 added 23.40 points, or 0.73%, to 3,248.92. The Nasdaq Composite gained 122.47 points, or 1.34%, to 9,273.40.

Oil futures ended sharply lower on Monday, as worries about a slowdown in oil demand persist on the back of the coronavirus outbreak. West Texas Intermediate crude for March delivery lost $1.45, or 2.8%, to settle at $50.11 a barrel. April Brent crude fell $2.17, or 3.8%, to end at $54.45 a barrel.

Google parent company Alphabet (GOOG, GOOGL) reported its Q4 2019 earnings, missing Wall Street’s expectations on revenue, but beating on earnings per share. It reported revenue of $46.08 billion, net income of $10.67 billion, or $15.35 per share.