Stocks traded mixed Monday with the Dow Jones Industrial Average and S&P 500 setting new intraday highs amid a surge in oil prices following an agreement from non-OPEC countries to cut crude production.

The S&P 500 was lower, down 0.11%, after touching an intraday high of 2,264, while the Dow Jones Industrial Average gained 0.15%, hitting an all-time intraday high of 19,825 one point during the session. The Nasdaq declined 0.61%.

The energy sector was the leading sector on Monday, with the Vanguard Energy ETF (VDE) - Get Report  up almost 2%. Exxon Mobil (XOM) - Get Report shares were up 2.4% as oil prices jumped. Meanwhile, the oil giant's CEO, Rex Tillerson, is reported to have been selected as secretary of state in President-elect Donald Trump's cabinet.

Chevron (CVX) - Get Report shares rose 2% in trading Monday, also getting a boost from higher crude prices. Chevron has risen almost 32% so far this year.

Tech and industrial stocks were lagging. 

The Dow hit a record closing high on Friday of 19,756. The Dow has closed at a record 14 times since Election Day. 

West Texas Intermediate crude oil was up 3.8% on Monday to $53.44 a barrel. Brent crude, the global benchmark, traded at $56.30, up 3.6%. Oil prices were trading at their highest since mid-2015.

Eleven non-OPEC countries including Russia and Mexico over the weekend agreed -- for the first time in 15 years -- to reduce oil output by 558,000 barrels a day. Saudi Oil Minister Khalid Al-Falih said his country, the largest crude exporter, would cut production below its two-year level of 10 million barrels a day. This follows an OPEC agreement last month to slash output by 1.2 million barrels a day.

The yield on the 10-year Treasury rose 1.1% to 2.5%. Earlier, the yield touched 2.53%, a nearly 27-month high, as investors sold off bonds in anticipation of an interest rate increase from the Federal Reserve later this week.

The economic calendar in the U.S. is light Monday but picks up Tuesday when the Federal Open Market Committee will gather for its two-day meeting. It's a near certainty that the Fed's policy-setting committee will lift interest rates for the first time since last December. The likelihood of a rate increase is 97.2%, according to CME Group fed funds futures.

Chipotle Mexican Grill's  (CMG) - Get Reportfounder Steve Ells was named the sole CEO of the fast food chain, the company announced Monday. Shares of Chipotle were up 3.4% in early trading. Ells will remain the chairman of the board, while co-CEO Monty Moran will step down immediately. 

Viacom's (VIAB) - Get Report  class B shares were down 8.4% as CBS Vice Chair Shari Redstone ended talks to merge with CBS (CBS) - Get Report . CBS shares fell 2.9%. 

Lockheed Martin (LMT) - Get Report shares were down 3.9% to $249.40 after President-elect Donald Trump tweeted that costs for the aerospace defense company's F-35 program were out of control.

"Billions of dollars can and will be saved on military (and other) purchases after January 20th," Trump tweeted Monday morning.

Boeing (BA) - Get Report  were up 0.2% early Monday after Iran Air finalized a deal on Sunday to buy $16.6 billion worth of Boring passenger planes, including 50 single-aisle, narrow-body Boeing 737 Max 8s, and 30 777s, a wide-body, twin-engine plane. Iran's aviation industry has been hobbled for years by sanctions, which have prevented the country from buying new planes from Boeing and Europe's Airbus.

Lonza Group (LZAGY) , a Swiss drugmaker, confirmed on Monday it's in advanced talks with private-equity firm KKR & Co. (KKR) - Get Report to acquire Capsugel, a U.S. maker of capsule products and other drug delivery systems for nearly $5 billion. According to Reuters, a deal could be reached this week. Shares of Lonza were down 5.5%.

Newell Brands (NWL) - Get Report agreed to buy Sistema Plastics of New Zealand, a maker of food-storage containers, for $470 million. Newell also announced it would buy Smith Mountain Industries, a maker of candles, for $100 million. Shares of Newell were up 1.5% to $46.20 Monday.

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Ophthotech (OPHT) - Get Report shares fell 85% Monday after the company announced negative results from two late-stage clinical trials of its eye drug Fovista.

Alexion Pharmaceuticals (ALXN) - Get Report  fired its CEO and chief financial officer Monday amidst an internal probe into allegations of improper sales practices tied to its top-selling drug Soliris. The stock tumbled 15%.

Verifone Systems (PAY) is expected to report fiscal fourth-quarter earnings after the closing bell on Monday.