U.S. stocks are climbing with markets worldwide on Monday after oil prices and yields in the bond market gave back some of their jumps from last week.
The S&P 500 rose 1.5 per cent and pulled within 0.4 per cent of its all-time high set last month. The Dow Jones Industrial Average was up 348 points, or 0.7 per cent, as of 2:20 p.m. Eastern time, and the Nasdaq composite was 2.2 per cent higher.
They got help from the price for a barrel of Brent oil falling 3.4 per cent to $100.29 USD.
While that’s still much higher than its roughly $72 price from earlier this summer, it’s down from the nearly $110 it touched last week.
Oil prices are swinging up…
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