Here’s what’s shaking:
Stock futures aren’t looking too good even with Alcoa kicking off the U.S. earnings season.
Dow Jones industrial futures rose on Monday morning, but later fell as the day wore on.
Investors are still reacting to Friday’s terrible jobs report and are hoping that the Federal Reserve will continue to pour money into the market.
Markets will get a peek Wednesday into to the minds of Fed policy makers when minutes from the March meeting are released.
Stocks overseas are mixed.
The price of oil rose to near $94 a barrel on Monday, rebounding after sharp losses last week that were due to concerns over abundant supplies and weak U.S. employment figures.
By early afternoon in Europe, benchmark oil for May delivery was up 97 cents to $93.67 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 56 cents on Friday and was down 5 percent from midweek.
The price of oil last week fell after a weak jobs report cast doubt on the strength of the U.S. economy. The Labor Department reported the economy added 88,000 jobs in March, the fewest in nine months. The slowdown may signal the economy will weaken this spring.
The U.S. Energy Department last week reported that crude in storage was at its highest level since 1990 even though refiners had begun to ramp up gasoline production to get ready for the summer driving season. Now the economy looks like it might not grow fast enough to churn through the nation’s high supplies.
Brent crude, which sets the price of oil used by many U.S. refineries to make gasoline, was up $1.34 to $105.46 on the ICE Futures exchange in London.
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The AP contributed to this report. This post has been updated.
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