Stocks Ended Sharply Higher, Dow Added over 1600 Points

U.S. stocks ended sharply higher on Monday, with the Dow adding over 1600 points, as investors geared up for another week of closely monitoring developments around the global coronavirus outbreak and policymakers’ responses to the pandemic. The Dow Jones Industrial Average jumped 1,627.46 points, or 7.73%, to 22,679.99. The S&P 500 advanced 175.03 points, or 7.03%, to 2,663.68. The Nasdaq Composite rose 540.15 points, or 7.33%, to 7,913.24.

Oil futures ended lower on Monday, after a key meeting of major crude producers, including Saudi Arabia and Russia, was tentatively shifted to Thursday, amid rising tensions between the world’s biggest oil producers over the weekend. West Texas Intermediate crude for May delivery dropped $2.26, or 8%, to settle at $26.08 a barrel. June Brent crude slipped $1.06, or 3.1%, to $33.05 a barrel.