Stocks Ended Higher, Dow Set New Record High

U.S. stocks ended higher on Monday, with the Dow setting new record high, as technology stocks recovered some losses spurred by concerns over higher inflation and rates. The Dow Jones Industrial Average rose 318.19 points, or 0.93%, to 34,548.53. The S&P 500 added 34.03 points, or 0.82%, to 4,201.62. The Nasdaq Composite gained 50.42 points, or 0.37%, to 13,632.84.

Oil futures ended lower Thursday, as investors weighed disappointing data on U.S. gasoline usage and kept an eye on the impact of surging COVID-19 infections in India on oil demand. West Texas Intermediate crude for June delivery fell 92 cents, or 1.4%, to settle at $64.71 a barrel. July Brent crude lost 87 cents, or 1.3%, to settle at $68.09 a barrel.