As investors awaited a wave of megacap technology earnings to continue propelling the Nasdaq Composite to new heights this week, stocks surged on Monday.
Risk sentiment was also bolstered by a decreasing geopolitical environment. The Dow Jones Industrial Average increased 327 points, or 0.8%, while the S&P 500 gained 0.4%.
The Nasdaq saw a 0.5% increase in trading. Oil futures dropped sharply on the day after Israel’s weekend airstrikes against Iran did not target nuclear or oil facilities as was initially thought.
The global benchmark Brent and U.S. crude prices both fell 6%.
Source (CNBC)
