Traders work on the New York Stock Exchange floor.
Traders work on the New York Stock Exchange floor in New York City.
  • US stocks were mixed Monday, with oil prices in focus. 
  • Yields rose with oil prices surging after OPEC+ announced production cuts of 1.6 million barrels of oil a day starting in May. 
  • Tech stocks were lower as yields rose. 

Stocks were mixed Monday as trading in the second quarter of 2023 began with oil prices surging after OPEC and its allies unexpectedly said it would start cutting crude production by more than 1 million barrels a day.