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US stocks gain, breaking 3-week slump; Energy shares sink as oil price drops to a 6-year low

NEW YORK, N.Y. – U.S. stocks are rising in midday trading after getting hit hard last week.

The Dow Jones industrial average rose 192 points, or 1.1 per cent, to 17,941 as of 11:45 a.m. Eastern time Monday.

The Standard & Poor’s 500 gained 20 points, or 1 per cent, to 2,074. The Nasdaq composite climbed 44 points, or 0.9 per cent, to 4,915.

The price of oil sank to a six-year low Monday, dragging energy stocks down along with it. Denbury Resources sank 4 per cent.

The market is coming off three weeks of declines. Traders will be watching a meeting of Federal Reserve policymakers this week for insight into when the bank might start raising interest rates. Low rates have boosted stocks for six years.

The yield on the 10-year Treasury note fell to 2.07 per cent.