(CNBC) — U.S. stocks closed about 1 percent higher Monday, with energy stocks leading as oil prices hit fresh highs for the year so far.
"I think Apple and oil, they are really overshadowing everything else," said JJ Kinahan, chief strategist at TD Ameritrade.
The Dow Jones industrial average briefly added 200 points in afternoon trade. Apple was trading more than 3.5 percent higher as the close approached, tracking for its best day since March 1. Earlier, the stock briefly climbed more than 4 percent, on pace for its best day since Jan. 22.
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