U.S. stocks ended sharply higher on Monday, as market participants continued tracking the spread of the coronavirus. The Dow Jones Industrial Average rose 690.70 points, or 3.19%, to 22,327.48. The S&P 500 advanced 85.18 points, or 3.35%, to 2,626.65. The Nasdaq Composite gained 271.77 points, or 3.62%, to 7,774.15.
Oil futures posted their lowest settlement since 2002, as the global COVID-19 pandemic crushes demand and a price war between Saudi Arabia and Russia floods the world with crude. West Texas Intermediate crude for May delivery fell $1.42, or 6.6%, to settle at $20.09 a barrel. May Brent crude lost $2.17, or 8.7%, at $22.76 a barrel.
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