Wall Street pivoted higher Monday, as investors brushed off rising Treasury yields ahead of highly-anticipated corporate earnings results. The Dow closed up shop with a 314-point win, the Nasdaq also rose triple digits, and the S&P 500 settled just shy of the 4,400 level. Meanwhile, the Cboe Volatility Index (VIX), a common "fear gauge" for investors, recorded its biggest single-session percentage drop since June.
OIL FUTURES BREAK LOWER
Oil futures fell Monday as all eyes are still fixed on the Israel-Gaza war, and the U.S. is reportedly looking to negotiate with Venezuela to ease oil sanctions. For the session, crude for November delivery lost $1.03, or 1.2%, to settle at $86.66 per barrel.
Gold futures took a step back today. For the session, December-dated gold lost $7.20, or 0.4%, to settle at $1,934.30 an ounce
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