U.S. stocks booked back-to-back gains on Monday, despite rising oil prices and a deadly weekend assault on Israeli by Hamas that left hundreds dead. The Dow Jones Industrial Average
DJIA,
rose about 197 points, or 0.6%, ending near 33,604, shaking off earlier weakness, while the S&P 500 index
SPX,
advanced 0.6% and the Nasdaq Composite Index
COMP,
gained 0.4%, according to preliminary FactSet data. U.S. benchmark oil prices
CL00,
rose 4.3% to $86.38 a barrel as traders gauged potential implications of the Israel-Gaza war on crude supplies from the Middle East. Investors also flocked to haven assets, including gold
GC00,
and the U.S. dollar
DXY,
while cash trading in the $25 trillion Treasury market was closed for the Columbus Day and Indigenous Peoples Day holiday. Israel on Monday seal off the Gaza Strip from food, fuel and other supplies as the conflict between Israel and Hamas intensified, according to the Associated Press.
