Stocks Opened Higher after Selloff

U.S. stocks opened higher on Monday, recovering some losses after a sell-off Friday that sent the Dow lower by 600 points. The Dow Jones Industrial Average lately gained 187.70 points, or 0.66%, to 28,443.73. The S&P 500 added 23.67 points, or 0.73%, to 3,249.19. The Nasdaq Composite rose 84.24 points, or 0.92%, to 9,235.17.

West Texas intermediate and Brent crude oil prices hovered little changed Monday morning in New York after the Wall Street Journal reported that Saudi Arabia was considering a major, temporary oil production cut to put a floor on prices amid the coronavirus. West Texas Intermediate futures were up 0.7% at $51.92 a barrel. Brent-crude futures were 0.2% higher at $56.71 a barrel.