Why The Dow Jones Industrial Average Was Up Today

How Did the Stock Market Do Today?

Dow Jones Industrial Average

Dow Jones: 17,251.62; +123.07; +0.72%

S&P 500: 2,021.15; +15.60;+0.78%

Nasdaq: 4,968.92; +45.84;+0.93%

The Dow Jones Industrial Average today (Monday) added 123 points, fueled by solid gains in large multinational banking stocks. However, the continued downturn in Brent crude oil prices – which fell 1.4% to hit an 11-year low – weighed down the energy sector for another day. Prices have been slammed by a double whammy of a growing international glut and a rising U.S. dollar due to the Fed rate hike. January WTI crude oil prices fell 0.7% to close at $35.81 per barrel. High-volume stocks Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX) were down 0.03% and 0.6%, respectively.

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