Oil ended lower in a volatile trading session Monday as investors mulled oversupply against hopes that the battered economy may be showing signs of recovery.
Stocks jumped Monday afternoon, as investors piled back in after last week's selloff, thanks to Pfizer's $68 billion purchase of Wyeth and a surge in technology and commodity shares.
The U.S. dollar fell against the euro and the pound Monday after Barclays, one of the UK's biggest banks, issued an upbeat forecast that encouraged investors to seek out higher returns in more risky markets.
U.S. stocks were set to open mixed Monday, the start of a week expected to reveal more painful economic and corporate results, although a reported big drug merger could boost blue chip.
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Oil ended lower in a volatile trading session Monday as investors mulled oversupply against hopes that the battered economy may be showing signs of recovery.
Stocks jumped Monday afternoon, as investors piled back in after last week's selloff, thanks to Pfizer's $68 billion purchase of Wyeth and a surge in technology and commodity shares.
The U.S. dollar fell against the euro and the pound Monday after Barclays, one of the UK's biggest banks, issued an upbeat forecast that encouraged investors to seek out higher returns in more risky markets.
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Government debt prices dipped Monday as the market weighed a record amount of supply in the pipelines with a fresh wave of grim corporate news.
U.S. stocks were set to open mixed Monday, the start of a week expected to reveal more painful economic and corporate results, although a reported big drug merger could boost blue chip.
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