(By Salman - iStockAnalyst Writer)US stocks finished mostly higher on Monday as a weak dollar boosted commodity prices, thus sending energy stocks higher.
The Dow Jones Industrial Average increased 20.86 points or 0.21% to finish at 9,885.80. The S&P 500 added 4.69 points or 0.44% to end at 1,076.18. The Nasdaq Composite retreated 0.14 points or 0.01% to 2,139.14.
The U.S. dollar fell against a basket of major currencies on Monday, sending commodity prices higher.
Shares of energy giant Chevron Corp. (NYSE:
CVX) gained 91 cents or 1.25% to $73.67. Exxon Mobil Corp. (NYSE:
XOM) climbed 86 cents or 1.24% to 70.13.
Among financials, shares of Bank of America Corp. (NYSE:
BAC) rallied 53 cents or 3.03% to $18.03.
Shares of airplane maker Boeing Co. (NYSE:
BA) lost $1.03 or 1.95% to $51.66.
Intel Corp. (NASDAQ:
INTC) rose 23 cents or 1.14% to $20.40.
Goldman Sachs (NYSE:
GS) on Monday raised its price target on Google (NASDAQ:
GOOG) stock to $585 from $560 on higher earnings estimates from 2009 to 2011. Google rose $7.79 or 1.51% to $524.04.
Shares of KB Home (NYSE:
KBH) tumbled 6 percent on Monday after the homebuilder said it was being investigated by the U.S. Securities and Exchange Commission over possible accounting and disclosure issues. Shares plunged $1.29 or 7.84% to $15.17.
Shares of specialty vehicle maker Oshkosh Corp. (NYSE:
OSK) rallied in pre-market trade after the Department of Defense awarded a $408.4 million contract for 923 additional blast-proof trucks.
