Crude Oil Gains 1%; US Composite PMI Surges In March

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 350 points on Monday.

The Dow traded up 1.35% to 42,551.10 while the NASDAQ climbed 2.08% to 18,119.66. The S&P 500 also rose, gaining, 1.66% to 5,761.78.

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Leading and Lagging SectorsConsumer discretionary shares jumped by 3.2% on Monday.

In trading on Monday, health care shares gained by just 0.4%.

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The S&P Global US Composite PMI climbed to 53.5 in March compared to February's reading of 51.6, signalling the strongest growth since December 2024.

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AnaptysBio, Inc. (NASDAQ:ANAB) shares shot up 11% to $18.91 after the company announced a $75 million share buyback program.

Shares of The AZEK Company Inc. (NYSE:AZEK)got a ...