Dow Extends Gains Amid Falling Oil Prices

The Dow Jones Industrial Average rose 140.15 points on Monday to close at 53,417.16, as falling oil prices eased inflation concerns and boosted buying across a range of stocks.

The Dow's gain came despite a decline in the tech-heavy Nasdaq Composite, which fell 200.26 points to 25,980.19, as investors adopted a wait-and-see stance ahead of Nvidia's quarterly earnings release on August 26th.

Falling oil prices and lower long-term interest rates provided support for the Dow, while the market reaction to tightened sanctions against Iran announced by the U.S. Treasury Department was limited.