US stocks rose on Monday after a brutal Friday sell-off. Here is what moved the market.
The Dow gained about 1%, over 500 points. The S&P 500 rose 0.6%. The Nasdaq added 0.8%.
Friday was the worst day for stocks since June. Investors dumped tech shares over AI spending fears.
US crude fell nearly 7% to about $97 a barrel. Brent crude dropped 7.5% to around $105.
Investors hope the US and Iran can reach a diplomatic deal. That would ease fears about oil supply.
Cheaper fuel means lower costs. United rose 6%. American and Delta each gained over 4%.
Many 401(k) plans track the S&P 500. A 0.6% gain adds $300 to a $50,000 balance in one day.
Apple and Palantir report earnings after the close Monday. Intel fell 5% and is still under pressure.
US midterms are Tuesday. The October jobs report arrives Friday. Both could move markets.
Oil is the market's mood meter. If Iran talks hold, stocks stay supported. If they fail, expect trouble.
Get the full breakdown, key numbers, and what happens next.
Read on Rive News