Stocks Ended Mixed, Oil Futures Settled Higher
-- Monday, February 22, 2021, 16:25 --
U.S. stocks ended mixed on Monday, with the S&P 500 declining for a fifth straight day for its longest losing streak in one year and the Nasdaq dropping over 2% amid tech selloff. The Dow Jones Industrial Average rose 27.37 points, or 0.09%, to 31,521.69. The S&P 500 were off 30.21 points, or 0.77%, to 3,876.50. The Nasdaq Composite dropped 341.42 points, or 2.46%, to 13,533.05.
Oil futures settled at their highest in more than a year, as traders looked for a slow recovery in output following winter storms that knocked U.S. producers and refineries offline. West Texas Intermediate crude for March delivery rose $2.25, or 3.8%, to settle at $61.49 a barrel. April Brent crude rose $2.33, or 3.7%, at $65.24 a barrel.