Dow Jones Climbs 196 Points on Oil, Energy Sector Gains
February 02, 2015 at 17:40 PM EST
The Dow Jones jumped 196 points Monday in a volatile session. Why the rise? Oil prices surged again after a massive strike at U.S. refineries created supply concerns. The ISM manufacturing index hit 53.5 in January, well below expectations of 54.5. Meanwhile, consumer spending in December saw its largest decline since 2009 despite falling energy prices. The post Dow Jones Climbs 196 Points on Oil, Energy Sector Gains appeared first on Money Morning - Only the News You Can Profit From .