Market Watch: Oil and Merger Talk lead rally

After experiencing the first positive week of the year last week, the markets opened the first session of the new week today on an up note. The good day on Wall Street was led by the Dow, which at one point was up over 250 points. Shares of United Technologies spiked more than 6.5 percent following a CNBC report that United Technologies and Honeywell have been talking about a merger. The markets were driven by an increase in the price of oil which closed at $31.48 a barrel- up over 6% for the day.

But not everyone was optimistic as a CNBC report looked at two more signs that a recession could be coming. Watch below.

Here are the final numbers from Monday, 2/22/16 on Wall Street

Dow Jones Industrial Average: 16,620.66 (+228.67 / +1.39 %)

NASDAQ: 4,570.61  (+66.18 / +1.47 %)

S&P 500: 1,945.50  (+27.72 / +1.45 %)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 1 day ago
Phil Cannella
Phil Cannella

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