By CNN Business
From CNN Business' Matt McFarland
Elon Musk announced at an investor event Monday that he expects Tesla (TSLA) to operate full self-driving robo-taxis next year.
It’s an aggressive prediction from Musk, whose company has missed a previous deadline to have a self-driving Tesla drive across the country. Musk also said he expects to convince regulators by the end of next year that self-driving Teslas are safer than human drivers.
From CNN Business' Anneken Tappe
Monday's trading session is over, and investors are getting ready for what's next. So are we.
From CNN Business' Anneken Tappe
Stocks ended Monday's trading day mixed.
Marathon Oil (MRO) was the S&P's strongest gainer, closing up 6.6% after oil rallied to settle at its highest level in nearly six months.
Kimberly-Clark (KMB), the consumer products brand, was another strong performer on the S&P, finishing up 5.4%.
The biggest Dow gainers were ExxonMobil (XOM) and Chevron (CVX), but the index nevertheless finished lower as a whole. It was dragged down by losses in cyclical consumer brands and industrial shares. Nike (NKE) was the biggest loser of the day, dropping 2.1%.
From CNN Business' Anneken Tappe
Oil futures settled at their highest level since late October on Monday.
With European markets still closed for the long Easter weekend, oil's jump was the biggest story of the day. Oil popped in the morning after the US announced that it would no longer grant sanction waivers to five countries that buy oil from Iran -- China, India, Japan, South Korea and Turkey.
The anticipated squeeze in available supply boosted the price today.
WTI crude oil futures settled at $65.70, according to the Chicago Mercantile Exchange, up 2.7% from Thursday's close. Futures have have rallied 54.5% since their December lows.
From CNN Business' Matt Egan
US oil prices climbed nearly 3% on Monday to $65.90 a barrel — a spike of 55% since prices closed at $42.53 a barrel on Christmas Eve.
Brent crude, the global benchmark, surged 3.4% on Monday and touched $74 for the first time since early November.
Gasoline prices, meanwhile, continued to climb. The national average hit $2.84 a gallon on Monday, up from $2.61 a month ago, according to AAA.
"It's a bit of a conundrum," said Matt Smith, director of commodity research at ClipperData, an energy research firm. "We know President Trump wants to keep gasoline prices in check. But oil prices are gaining and that will only drag that retail gasoline price higher."
From CNN Business' Anneken Tappe
About halfway through the trading day, US stocks are mixed to lower.
The energy sector is leading gains in the Dow and the S&P 500, but the best Dow stock of the day so far is consumer brand Kimberly-Clark (KMB). Shares of the maker of Kleenex are up 5.6% after the company reported first quarter earnings before the opening bell.
In the energy space, Exxon Mobile (XOM), Chevron (CVX), Marathon Oil (MRO) and Diamondback Energy (FANG) registered the strongest gains so far.
From CNN Business' Anneken Tappe
A rally in oil prices is the big driver on Monday, leading everything higher from energy stocks to currencies in countries that rely heavily on the energy sector.
The Canadian dollar, Norwegian krone and Russian ruble all climbed higher versus the US dollar, after the US government said it will no longer grant waivers to countries that buy oil from Iran.
Russia's ruble even touched its best level since August on Monday, according to Refinitiv.
From CNN Business' Jordan Valinsky
Kraft Heinz (KHC) has announced a new CEO to help turn the company around.
The stock is down more than 20% for the year:
Bernardo Hees, the current CEO, will leave the company in June and and will be replaced by Miguel Patricio. He was previously the global chief marketing officer for Anheuser-Busch (BUD).
Kraft Heinz hasn't recovered from its most recent earnings report in February, which was extremely bleak:
From CNN Business' Anneken Tappe
Stocks in the energy sector were the biggest gainers in the Dow and the S&P 500 Monday as oil prices tracked higher.
The US announced it would no longer grant waivers to countries that buy oil from Iran. Last year, the government granted exemptions to sanctions for doing business with Iran to five countries buying oil from Teheran -- China, India, Japan, South Korea and Turkey.
WTI Crude Oil futures were up 2.4%, while Brent Crude futures were 2.8% higher in anticipation of tighter supply without Iranian oil on the market.
Exxon Mobile (XOM) was the biggest gainer in the Dow, closely followed by Chevron (CVX). In the S&P, exploration and production companies Marathon Oil (MRO) and Diamondback Energy (FANG) were among the fastest climbers.