U.S. stocks Ended modestly higher on Monday, with the Dow closing above 28,000 for the first time since February, as investors reacted to positive developments over a coronavirus treatment. The Dow Jones Industrial Average rose 378.13 points, or 1.35%, to 28,308.46. The S&P 500 gained 34.12 points, or 1.00%, to 3,431.28. The Nasdaq Composite rose 67.92 points, or 0.60%, to 11,379.72.
Oil futures settled higher on Monday, getting a boost from reductions to crude and natural-gas output in the Gulf of Mexico due to storms in the region. October West Texas Intermediate oil rose 28 cents, or 0.7%, to settle at $42.62 a barrel.
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