U.S. stocks surged today, recovering some of last week’s significant losses as oil prices declined, while investors continued to monitor developments in the technology sector following major market fluctuations.
The tech-heavy Nasdaq Composite climbed 2.1%, the S&P 500 gained 1.8%, and the Dow Jones Industrial Average rose 1.6%, adding approximately 819 points.
A 5.5% drop in Brent crude prices, bringing the benchmark to $92.96 a barrel, provided a significant boost to the markets. Oil prices have fallen from more than $112 a barrel earlier this month amid uncertainty over the course of the conflict with Iran.
The decline came after President Donald Trump said over the weekend that continued attacks on Iran were “unlikely” if the United States saw progress in negotiations.
