Mid-Afternoon Market Update: Dow Surges More Than 200 Points; Dillard's Shares Dip On Earnings Miss

Toward the end of trading Monday, the Dow traded up 1.16 percent to 17,445.33 while the NASDAQ jumped 0.96 percent to 4,975.15. The S&P also rose, gaining 1.22 percent to 2,047.70.

In trading on Monday, energy shares rose by 2.28 percent. Top gainers in the sector included

, up 15 percent, and

, up 12 percent. Healthcare shares gained by just 0.4 percent in Monday's trading. Meanwhile, top losers in the sector included

, down 70 percent, and

, off 14 percent.

announced its plans to buy

for $12.2 billion. The combined company would have more than 5,500 hotels with around 1.1 million rooms worldwide.

shares shot up 7 percent to $35.35. Sunoco reported the dropdown to SUN of the remaining 68.42 percent interest in Sunoco and 100 percent interest in the Legacy Sunoco retail business for around $2.226 billion. Shares of

got a boost, shooting up 3 percent to $50.27 after the company reported a $1 billion buyback plan.

shares were also up, gaining 2 percent to $37.99. Goldman Sachs added Oracle to its Conviction Buy list and raised the price target to $47.00.

shares tumbled 70 percent to $29.90 following report of the FDA request for additional information on lung cancer drug. Shares of

were down 5 percent to $71.49 after

announced its plans to buy Starwood for $12.2 billion.

was down, falling 8 percent to $71.34 after the company reported weaker-than-expected Q3 earnings.

In commodity news, oil traded up 2.55 percent to $41.78, while gold traded up 0.10 percent to $1,082.00. Silver traded up 0.18 percent Monday to $14.23, while copper fell 2.40 percent to $2.12.

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.30 percent, the Spanish Ibex Index gained 0.13 percent, while Italy's FTSE MIB Index slipped 0.14 percent. Meanwhile, the German DAX gained 0.05 percent, and the French CAC 40 slipped 0.08 percent, while U.K. shares rose 0.46 percent.

The Empire State manufacturing index rose to negative 10.74 for November, compared to negative 11.36 in October. However, economists were expecting a reading of negative 6.