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

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…

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