Stocks Opened Higher Despite Another Plunge for Oil

U.S. stocks opened higher on Monday as investors appeared to shrug off another plunge in U.S. oil prices. The Dow Jones Industrial Average lately rose 127.91 point, or 0.54%, to 23,903.18. The S&P 500 advanced 21.60 points, or 0.76%, to 2,858.34. The Nasdaq Composite gained 63.81 points, or 0.74%, to 8,698.33.

U.S. crude oil prices renewed their slump after four straight sessions of gains. June West Texas Intermediate crude lost $4.70, or 28%, to trade at $12.24 a barrel. June Brent crude headed $1.55, or 6.3%, at $23.26 a barrel, following its 23.7% weekly drop.