Stocks Ended Solidly Higher, Oil Futures Settled Higher

U.S. stocks ended solidly higher on Monday on hopes that President Donald Trump’s hospital stay will boost the chances of a stimulus bill being completed before the election. The Dow Jones Industrial Average rose 465.83 points, or 1.68%, to 28,148.64. The S&P 500 gained 60.16 points, or 1.80%, to 3,408.60. The Nasdaq Composite advanced 257.47 points, or 2.32%, to 11,332.49.

Oil futures settled with a gain of more than 5% on Monday as optimism surrounding President Donald Trump’s COVID-19 treatments fueled risk-on sentiment. West Texas Intermediate crude for November delivery climbed $2.17, or 5.9%, to settle at $39.22 a barrel. December Brent crude advanced $2.02, or 5.1%, to $41.29 a barrel.