(Newser) – Oil prices dropped sharply Monday on worries about the global economy, but stocks recovered from early losses and ended higher on Wall Street., extending last week's gains. Investors remain focused on the economy and upcoming reports from retailers this week, the AP reports.The S&P 500 rose 16.99 points or 0.4% to 4,297.14. The Dow Jones Industrial Average rose 151.39 points, or 0.5% to 33,912.44. The Nasdaq gained 80.87 points, or 0.6% and closed at 13,128.05. Treasury yields fell as a report showed manufacturing in New York state unexpectedly contracted.

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