U.S. stocks were higher, with the Dow Jones index gaining around 600 points on Monday.

Shares of CNH Industrial NV (NYSE:CNH) rose sharply during Monday’s session after the company reported better-than-expected second-quarter financial results and raised its FY26 adjusted EPS guidance with its midpoint above estimates.

CNH Industrial reported quarterly earnings of 13 cents per share which beat the analyst consensus estimate of 10 cents per share.

The company reported quarterly sales of $4.803 billion which beat the analyst consensus estimate of $4.377 billion.

CNH Industrial shares jumped 16% to $11.90 on Monday.