U.S. stocks booked back-to-back gains on Monday, despite rising oil prices and a deadly weekend assault on Israeli by Hamas that left hundreds dead. The Dow Jones Industrial Average DJIA, +0.59% rose about 197 points, or 0.6%, ending near 33,604, shaking off earlier weakness, while the S&P 500 index SPX, +0.63% advanced 0.6% and the Nasdaq Composite Index COMP, +0.39% gained 0.4%, according to preliminary FactSet data. U.S. benchmark oil prices CL00, +4.29% rose 4.3% to $86.
38 a barrel as traders gauged potential implications of the Israel-Gaza war on crude supplies from the Middle East. Investors also flocked to haven assets, including gold GC00, +1.71% and the U.S. dollar DXY, -0.00%, while cash trading in the $25 trillion Treasury market was closed for the Columbus Day and Indigenous Peoples Day holiday.
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U.S. stocks end higher despite higher oil prices rise, Israel-Gaza warJoy Wiltermuth is a news editor and senior markets reporter based in San Francisco.
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