Dow Jones gains over 350 points, Nasdaq retreats

US stocks mostly rose on Monday as technology stocks declined, while the energy sector outperformed other market sectors as oil prices increased.

Investors are awaiting the release of inflation data this week.

The Dow Jones Industrial Average added nearly 0.85%, or 358 points, to 42,297 points.

The S&P 500 jumped about 9 points, or 0.15%, to 5,836 points, while the Nasdaq Composite Index dropped 73 points, or 0.4%, to end at 19,088 points.

As for the European indices, STOXX Europe 600 fell 0.55% to 508.6 points, with gains in the energy, mining, and banking sectors helping to limit the index's losses.

FTSE 100 eased 0.3% to 8,224 points. Similarly, the Dax Index lost 0.4% to 20,132 points, while the CAC 40 dropped 0.3% to 7,408 points.

In Japan, markets were closed on an official holiday, celebrating the “Coming of Age Day”, with trading set to resume normally on Tuesday.

In the oil market, futures prices for standard Brent crude for March delivery rose by 1.15%, or $1.25, to $81.01 per barrel.

Futures prices for US Nymex crude for February delivery jumped 2.95%, or $2.25, at $78.82 a barrel.

As for gold, the prices of gold futures contracts for February delivery fell by 1.35%, or $36.4, to $2,678.60 per ounce.