U.S. stocks held session highs thanks to a bounce in crude oil on Monday. Prices moved above $31 on renewed hopes over a production freeze between Russia and key members of OPEC. The S&P 500 and Dow moved out of correction territory. U.S. manufacturing activity in February slowed to its lowest level since October 2012. The data highlights recent weakness in the sector as a higher U.S. dollar dampens overseas demand. Weight Watchers (WTW) shares pulled back from Friday's rally on news a favorable academic study had been funded by the company. The study released on Friday suggested adults with prediabetes benefited from weight-loss programs such as Weight Watchers. Fox's (FOXA) 'Deadpool' dominated the weekend box office for its second week in a row.
A rally in oil prices lifted recently-crushed energy stocks, helping to start the week off strong for stocks. Bobbi Rebell reports.
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U.S. stocks held session highs thanks to a bounce in crude oil on Monday. Prices moved above $31 on renewed hopes over a production freeze between Russia and key members of OPEC. The S&P 500 and Dow moved out of correction territory. U.S. manufacturing activity in February slowed to its lowest level since October 2012. The data highlights recent weakness in the sector as a higher U.S. dollar dampens overseas demand. Weight Watchers (WTW) shares pulled back from Friday's rally on news a favorable academic study had been funded by the company. The study released on Friday suggested adults with prediabetes benefited from weight-loss programs such as Weight Watchers. Fox's (FOXA) 'Deadpool' dominated the weekend box office for its second week in a row.