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Markets Right Now: Dow at record; most other stocks lower

The latest on developments in financial markets (All times local):

9:35 a.m.

Stocks are opening mostly lower on Wall Street, except for energy companies, which rose along with the price of oil.

Big jumps in Exxon Mobil and Chevron early Monday nudged the Dow Jones industrial average higher, but other major market indexes were lower.

The price of crude oil jumped 4 percent as oil-producing countries outside of OPEC agreed to reduce production. OPEC nations had already agreed on their own production cuts.

The Standard & Poor’s 500 index slipped 1 point, or 0.1 percent, to 2,257. The S&P 500 is coming off its sixth straight gain, its longest winning streak since June 2014.

The Dow climbed 16 points, or 0.1 percent, to 19,773. The Dow is trading at another record high.

The Nasdaq composite slipped 27 points, or 0.5 percent, to 5,416.

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