U.S. stocks open mostly lower after OPEC+’s surprise cut in oil production

U.S. stocks opened mostly lower Monday after a surprise cut in oil production by

. The Dow Jones Industrial Average DJIA, +0.96% was up 0.3% soon after the opening bell, while the S&P 500 SPX, +0.27% slipped 0.1% and the technology-heavy Nasdaq Composite COMP, -0.36% fell 0.6%, according to FactSet data, at last check. member countries including Saudi Arabia plan to cut more than 1 million barrels of oil production a day through the end of the year beginning in May.

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Stock Market Today: Dow up 300 points as energy shares jump after OPEC+ oil production cutsMarketWatch Live: Dow up 300 points as OPEC+ quota cut ignites energy shares This is great news! Oil prices will likely come down, which will benefit consumers in the long run.
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Asian Stock Market: Trades mixed as NFP week begins with OPEC+ surpriseMarket sentiment in the Asia-Pacific region remains mixed as traders struggle to cheer receding hawkish Fed bets amid fresh inflation fears emanating
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