Oil prices and stocks fluctuate as Saudi Arabia cuts output.

US stocks were mixed on Monday, with the S&P 500 flat, the Dow Jones down 0.22%, and the Nasdaq slightly up. Crude prices rose after Saudi Arabia announced it would cut its oil output by another 1 million barrels per day starting in July. The Federal Reserve's policy meeting next week is in focus, with speculation growing that interest rates will be held steady but raised again later this summer. Apple is set to unveil new hardware at its Worldwide Developers Conference, and shares of Palo Alto Networks climbed over 3% after it was announced the stock will join the S&P 500 index.