Stocks finished mixed on Monday, as investors looked ahead to a busy week of earnings reports and inflation data. The Dow rose 195 points for its seventh gain in the last eight sessions, while tech sector weakness sent the Nasdaq down triple digits, and the S&P 500 finished slightly lower. Oil prices moved higher amid renewed tensions between Russia and Ukraine. Investors are now awaiting quarterly reports from several major banks, as well as September's consumer price index (CPI) and producer price index (PPI) readings later this week.
Crude Prices Rise Amid Geopolitical Concerns
Oil prices climbed Monday after a deadly attack on an airport in Riyadh, Saudi Arabia, plus continued Russian strikes on Ukraine’s energy infrastructure fueled supply concerns. November-dated West Texas Intermediate (WTI) futures rose roughly 2% to settle at $93.74 per barrel.
Gold prices eased after touching a one-week high earlier in the session. December-dated gold futures fell 0.5% to $4,195.10 per ounce.
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