SP 500 Dow extend winning streaks Nasdaq drops as OPEC cut sparks oil price surge

The major U.S. equity averages finished Monday’s trading with a mixed performance. The S&P 500 and Dow continued their recent winning streak, recording their fourth consecutive days of gains. However, the Nasdaq gave back a portion of its recent upswing. Trading took place in the wake of a surprise production cut from OPEC+, which sparked a surge in oil prices. The Nasdaq Composite (COMP.IND) finished +1.0%, the S&P 500 (SP500) ended +0.4% and the Dow (DJI) closed -0.3%. Energy provided the most prominent source of strength. Stocks in the sector posted gains as crude prices (CL1:COM) (CO1:COM) surged more than…