Stocks Opened Mostly Lower, Oil Futures Fell

U.S. stocks opened mostly lower on Monday, as investors gave back some of last week’s gains. The Dow Jones Industrial Average lately fell 194.62 points, or 0.65%, to 29,715.75. The S&P 500 was off 8.22 points, or 0.23%, to 3,630.13. The Nasdaq Composite gained 17.30 points, or 0.14%, to 12,223.15.

Oil futures fell on Monday, under pressure as the Organization of the Petroleum Exporting Countries and its allied prepared to debate the fate of existing output curbs in the face of a renewed rise in COVID-19 cases in the U.S. and Europe. West Texas Intermediate crude for January delivery was up 47 cents or 1%, at $45.08 a barrel. February Brent crude was off 54 cents, or 1.1%, at $47.71 a barrel.

DoorDash, the nation’s largest delivery company, is set to raise up to $2.8 billion in its initial public offering, becoming one of the latest companies to join the torrent of public debuts this year.

About the Author

has written 13382 stories on this site.

Copyright © 2012 Nine Stocks