Stocks Ended Higher, Nasdaq Powered to Record High

U.S. stocks ended sharply higher on Monday, with the Nasdaq hitting a record high, despite worries around climbing COVID-19 infections across the country. The Dow Jones Industrial Average jumped 459.67 points, or 1.78%, to 26,287.03. The S&P 500 rose 49.71 points, or 1.59%, to 3,179.72. The Nasdaq Composite advanced 226.02 points, or 2.21%, to 10,433.65.

Crude-oil futures on Monday settled on a mixed note, with the U.S. oil moves pressured by the growth in coronavirus cases, but international prices gaining on hopes of China’s perceived recovery from the pandemic. West Texas Intermediate crude for August lost 2 cents, or 0.05%, to settle at $40.63 a barrel. Brent oil for September rose 30 cents, or 0.7%, to settle at $43.10 a barrel.