News Summary: Energy rebound lifts stocks

AP News
Posted: Apr 22, 2013 5:13 PM

OIL FUELS REBOUND: The stock market got a lift from oil companies Monday as the price of crude rebounded after a big sell-off last week. Bargain hunters helped push up energy stocks in the Standard & Poor's 500 index by 1 percent.

EARNINGS GLUT: Investors remained cautious ahead of a glut of earnings this week from companies including Exxon Mobil and Apple. The Dow edged up 0.1 percent and the Standard & Poor's 500 closed 0.5 percent higher.

TECH REVIVAL: The Nasdaq rose the most among the big three stock indexes. The tech-heavy index, which has lagged the Dow and the S&P 500 this year, rose 0.9 percent as Apple rebounded after sliding 9 percent last week.