Stocks closed higher on Monday, rebounding from a brutal week and setting the stage for a busy period for corporate earnings that investors hope will help put 2024's rally back on track.Major IndicesThe Dow ended the day up 250 points or 0.7 percent, while the S&P and Nasdaq both closed higher by about 1%, led by tech shares that gained back some ground after last week's sell-off.
Many are hoping for more clarity from CEO Elon Musk over his plans to pivot the company toward so-called 'robotaxis' over more affordable entry-level EVs.OilU.S. crude oil slid after developments in the Mideast appeared to signal a de-escalating crisis between Israel and Iran, coming after those two countries traded direct missile strikes. Iran said it did not intend to retaliate after Israel launched limited strikes on its air defenses last week.
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