Following Friday's steep selloff triggered by tariff tensions and meek jobs data, all three major indexes logged healthy gains to start the week. The Dow marked a 585-point pop -- its best day since May 27 -- while the tech-heavy Nasdaq logged a triple-digit gain of its own. The S&P 500 also moved higher, snapping its four-day losing streak as eyes remain on the outcome of President Donald Trump's ongoing trade negotiations.
Oil Pulls Back on OPEC+ Decision
Following the Organization of the Petroleum Exporting Countries and its allies' (OPEC+) decision to hike crude output by 547,000 barrels per day for September, crude prices fell. September-dated West Texas Intermediate (WTI) oil dropped $1.12, or 1.7%, to close at $66.21 per barrel.
Gold charged higher for a third-straight session as investors eyed the probability for a September rate cut. August-dated gold futures added 0.8% to settle at $3,427.10 per ounce.
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