U.S. stocks closed higher Monday, as the market continued riding a wave of momentum. In corporate news, BlackBerry shares tumbled more than 16 percent after the company said it has abandoned its plan to sell itself. Shares of J.C. Penney continued to rebound following last week's 20 percent advance. Shares of Tesla surged 8 percent. The stock was hit hard in October on concerns about its valuation. But investors are hoping the electric car maker will report strong earnings after the closing bell Tuesday. Twitter raised the price range for its initial public offering to $23 to $25 per share, from a previous range of $17 to $20. This is a sign of strong demand for Twitter's IPO. At the high end of the new range, Twitter would be valued at $13.6 billion. The dollar lost ground against the euro, the pound, and the yen. Light sweet crude oil for December delivery gained 1 cent to $94.62 a barrel on the New York Mercantile Exchange. Gold futures climbed $1.50 to $1,314.70 an ounce. The Dow Jones industrial average moved up 23.57, or 0.15 percent, to 15,639.12. The broader Standard & Poor's 500 index gained 6.29, or 0.36 percent, to 1,767.93. The technology-heavy Nasdaq composite index rose 14.55, or 0.37 percent, to 3,936.59.
