ECONOMY

US stock indexes move higher in quiet trading; energy shares gain as price of crude oil surges

FILE - This Oct. 8. 2014 photo shows a Wall Street address carved into the side of a building in New York. U.S. stock indexes are opening lower Monday, April 6, 2015 following a weak jobs report late last week. (AP Photo/Mark Lennihan, File)

FILE - This Oct. 8. 2014 photo shows a Wall Street address carved into the side of a building in New York. U.S. stock indexes are opening lower Monday, April 6, 2015 following a weak jobs report late last week. (AP Photo/Mark Lennihan, File)  (The Associated Press)

U.S. stocks are moving higher in midday trading, led by gains in energy shares as the price of crude oil surged.

The Dow Jones industrial average rose 121 points, or 0.7 percent, to 17,885 as of 11:45 a.m. Eastern time Monday.

The Standard & Poor's 500 index rose 14 points, or 0.7 percent, to 2,081. The Nasdaq composite gained 25 points, or 0.5 percent, to 4,912.

Energy stocks had some of the biggest gains. Rig operator Transocean soared 6 percent.

Oil rose 5 percent to $51.62 a barrel in New York.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.90 percent.

Many overseas markets are closed for holidays.