Stocks dip slightly after holiday weekend, energy prices lift as OPEC+ strikes deal

The Dow Jones Industrial Average fell 130 points on Monday morning as markets opened after the holiday weekend. The S&P 500 dropped 0.5%.

U.S. stock futures were negative this morning, though oil prices and energy stocks were jumping as OPEC+ nations agreed to the terms of the deal that will ensure a production cut of 9.7 million barrels a day for the next several months.

Investors are hoping this effort will help even out the impact of the decreased demand in the market, which has fallen by about 35% since the onset of the coronavirus pandemic. 

Last week, which was shortened for the trades because of Good Friday, U.S. stocks saw a stellar rebound as coronavirus numbers began to trend down in the U.S. and the Federal Reserve continued pumping money into the economy. 

The S&P 500's had its best week since 1974. Markets this week will see if they can hold on to those gains.

The U.S. is not the only western nation whose coronavirus numbers appear to be improving. Spain has begun sending construction and factory numbers back to work as they report a decreasing daily death toll.