Dow jumps 260 points, snapping five-day losing streak; European markets close slightly higher after week of losses 
The Dow Jones Industrial Average gained Monday as the index rebounded from a five-day losing streak. The Dow rose 261.91 points, or 0.8%, to 34,869.63. The S&P 500 closed up 0.2% at 4,468.73. The two major indexes both finished the day positive for the first time in the past six sessions. The Nasdaq Composite dipped 0.1% to 15,105.58 for a fourth consecutive down day. 
Nike shares fell after BTIG downgraded the stock citing supply chain challenges caused by the pandemic. Production issues could significantly impact Nike’s holiday sales, BTIG said. 

European stocks closed higher on Monday, with investors continuing to weigh up the European Central Bank’s latest policy decision and inflation data. 
The pan-European Stoxx 600 provisionally ended the session up 0.3% after the benchmark slumped 1.2% last week. Oil and gas stocks led the gains on Monday, adding 2.8%. 
In terms of individual share price movement in Europe, French-American oil and gas company TechnipFMC climbed 7% to lead the Stoxx 600 after agreeing to sell a stake in spin-off firm Technip Energies. 
Source: CNBC, Investing.com