US stocks gained at the start of Monday’s session, as investors prepared to digest a flurry of quarterly results from corporate majors alongside a highly anticipated inflation data release.
At 09:30 AM, the Dow Jones Industrial Average rose 189.46 points, or 0.41%, to 46,381.17. The S&P 500 gained 38.71 points, or 0.58%, to 6,702.72, while the Nasdaq Composite gained 180.31 points, or 0.80%, to 22,860.28.
On Friday, the Dow Jones Industrial Average closed higher 238.37 points, or 0.52%, at 46,190.61, the S&P 500 rose 34.94 points, or 0.53%, to 6,664.01 and the Nasdaq Composite rose 117.44 points, or 0.52%, to 22,679.98.
Bullion Market
Gold prices rose on Monday after a record rally on safe-haven demand.
Spot gold was up 0.3% at $4,2562.84 per ounce, as of 1139 GMT. US gold futures for December delivery climbed 1.6% to $4,280.40 per ounce.
Among other metals, spot silver rose 0.3% to $51.98. Platinum fell 0.8% to $1,596.95 per ounce and palladium dropped nearly 2% to $1,445.24 per ounce.
Crude Oil
Oil prices dipped on Monday, pressured by worries over a global glut as US-China trade tensions added to concerns about an economic slowdown.
Brent crude futures were down 41 cents, or 0.7%, at $60.88 a barrel as of 1210 GMT, while US West Texas Intermediate futures fell 40 cents, or 0.4%, to $57.14.
Last week, the head of the World Trade Organization said she had urged the United States and China to de-escalate trade tensions, warning that a decoupling by the world’s two largest economies could reduce global economic output by 7% over the longer term.
