New york: Major U.S. stock indices rose on Monday, while the price of West Texas Intermediate (WTI) crude oil remained steady at $65.08 per barrel. The Dow Jones Industrial Average gained 275 points, closing at 44,094. The tech-heavy Nasdaq index added 96 points to reach 20,369, while the S and P 500 index climbed approximately 31 points to settle at 6,205.
According to Jordan News Agency, the stability of oil prices at $65.08 per barrel coincided with the gains in the stock market. The steady oil prices provided a backdrop of stability that may have contributed to investor confidence. The gains in the stock indices reflect a positive sentiment in the market on Monday.