Stocks started the week strong, as declining oil prices boost investor optimism. The Dow popped 1,104 points for its third move greater than 1,000 points in the last four sessions. The S&P 500 and Nasdaq also scored outsized gains, the tech-heavy latter reclaiming 25,000.
While Nvidia (NVDA) sat out the gains amid a scandal involving CEO Jensen Huang, the rest of Big Tech and semiconductor stocks are up on the news. Small caps gained the most today, with the Russell 2000 (RUT) logging its best single-session gain since Feb. 6. All three major indexes logged gains of 2% or more.
Oil Back Below $90 as U.S.-Iran Talks Continue
December-dated West Texas Intermediate (WTI) shed 4.4%, or $4.01, close at $86.82. Crude got a boost after President Donald Trump told CNN that it was "unlikely" the US will renew attacks against Iran, provided progress is made with negotiations.
Gold prices rose in the wake of declining oil. December-dated gold futures gained 1% to settle at $4,105 per ounce.
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