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Tech leads US stocks higher; oil gains

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NEW YORK -- US stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in US-China trade talks and inc

reasing geopolitical tensions sent oil prices climbing.

"I don't give much credence to the news," said Stephen Massocca, Senior Vice President at Wedbush Securities in San Francisco. "The chatter will continue, but we won't see anything substantive this year." "Brexit fears can be somewhat alleviated by a friendly European Central Bank, and it appears that's the way they're trending," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

US crude settled at $56.22 per barrel, up 1.06 percent, while Brent settled at $63.26, gaining 1.26 percent on the day.

 

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