US Stocks Rise, Oil Peaks $100, Dow Gains 0.5% Amid Energy‑Driven Rally
Economy / Finance

US Stocks Rise, Oil Peaks $100, Dow Gains 0.5% Amid Energy‑Driven Rally

The U.S. stock markets added value on Monday. At the close of trading in New York, the Dow Jones Industrial Average was computed at 47,740 points, up 0.5 percent from the previous session.

Just moments earlier, the broader S&P 500 stood near 6,795 points, up 0.8 percent, while the technology‑heavy Nasdaq 100 was at about 24,965 points, rising 1.3 percent.

Wall Street began the day with noticeable losses but finished decisively ahead, as energy prices carried the market. Many investors now anticipate a longer duration for the conflict with Iran. Oil breached the $100 level on Monday but later retreated during the day.

At around 9 p.m. German time, a barrel of West Norse Brent crude was priced at $89.63, down 30.6 cents or 3.3 percent from the previous close.

The euro strengthened against the dollar: one euro was worth $1.1614, meaning one dollar could be exchanged for €0.8610.

Gold also benefited, with the price reaching $5,141 per fine ounce (+0.2 percent) that evening-roughly €142.31 per gram.