The stock market is closing solidly higher, led by gains in energy companies as the price of oil turned higher after a recent slump. The Dow Jones industrial average gained 238 points, or 1.4%, to 17,482 Monday. The Standard & Poor's 500 index increased 30 points, or 1.5%, to 2,053. The Nasdaq composite climbed 56 points, or 1.2%, to 4,984. Energy companies rose much more than the rest of the market as the price of oil increased 3% to $41 a barrel. Chevron jumped 4%.
Defense contractors rose and travel and airlines companies fell as traders responded to the terrorist attacks in Paris. Raytheon and Northrup Grumman each rose 4% while Delta Air Lines declined 2%. (Read more stocks stories.)