U.S. stocks opened sharply higher on Monday after the main U.S. benchmarks registered their worst Thanksgiving week since 2011. The Dow Jones Industrial Average lately rose 351.05 points, or 1.45%, to 24,637.00. The S&P 500 advanced 33.66 points, or 1.28%, to 2,666.22. the Nasdaq Composite climbed 103.42 points, or 1.49%, to 7,042.40.
U.S. oil prices were clawing back gains Monday, as investors grappled with supply issues ahead of an OPEC meeting. January West Texas Intermediate crude rose 60 cents, or 1.2%, to $51.02 a barrel. January Brent was up $1.18, or 2%, to $59.98 a barrel.
Cyber Monday is expected to be a record-breaker, with forecasts calling for $7.8 billion in sales, or a 17.6% increase over last year’s shopping holiday, according to Adobe Analytics.
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