US stocks mostly higher after OPEC production cut as energy shares jump

U.S. stocks were mostly higher early Monday as investors reacted to a surge in oil prices after a surprise production cut was announced by Saudi Arabia and its allies, providing a lift for energy companies. What’s happening The Dow Jones Industrial Average DJIA, +0.98% rose 265 points, or 0.8%, to 33,539. The S&P 500 SPX, +0.25% was up 6 points, or 0.1%, at 4,115. The Nasdaq Composite COMP, -0.48% fell 44 points, or 0.4%, to 12,178. The Dow last week rose 3.2%, while the S&P 500 advanced 3.5% and the Nasdaq Composite gained 3.4%. The Dow eked out a 0.4%…