U.S. stocks are rising as gains for Big Tech make up for slides in oil-and-gas stocks after the price of crude tumbled sharply.
The S&P 500 rose 0.3 percent Monday. The Dow Jones Industrial Average gained 0.6 percent, and the Nasdaq composite rose 0.3 percent to approach its all-time high set in July.
Apple and other Big Tech stocks rose ahead of their profit reports that are scheduled to come later in the week.
Oil prices tumbled more than 6 percent after an Israeli retaliation against Iran for earlier missile attacks proved to be more restrained than some investors had feared.
On Monday:
The S&P 500 rose 15.40 points, or 0.3 percent, to 5,823.52.
The Dow Jones Industrial Average rose 273.17 points, or 0.6 percent, to 42,387.57.
The Nasdaq composite rose 48.58 points, or 0.3 percent, to 18,567.19.
The Russell 2000 index of smaller companies rose 36.07 points, or 1.6 percent, to 2,244.07.
For the year:
The S&P 500 is up 1,053.69 points, or 22.1 percent.
The Dow is up 4,698.03 points, or 12.5 percent.
The Nasdaq is up 3,555.84 points, or 23.7 percent.
The Russell 2000 is up 216.99 points, or 10.7 percent.
The Epoch Times copyright © 2024. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.